Got an extra $4 Billion?
May 13, 2004. Bloomberg reported that a Mitsubishi executive who declined to be named, said that Mitsubishi Motors is looking for Y450B from its stockholders and corporate turnaround fund Phoenix Capital, a fund set up by former employees of Bank of Tokyo-Mitsubishi and owned partly by PricewaterhouseCoopers. In past Phoenix Capital revived Japan's largest builder Tokyu Construction. Contributions are expected to be 50% from Phoenix and the rest from Mitsubishi group companies. The newswire service also reported that Akira Kijima may become the new president and COO to replace Rolf Eckrodt.
May 13, 2004. Bloomberg reported that a Mitsubishi executive who declined to be named, said that Mitsubishi Motors is looking for Y450B from its stockholders and corporate turnaround fund Phoenix Capital, a fund set up by former employees of Bank of Tokyo-Mitsubishi and owned partly by PricewaterhouseCoopers. In past Phoenix Capital revived Japan's largest builder Tokyu Construction. Contributions are expected to be 50% from Phoenix and the rest from Mitsubishi group companies. The newswire service also reported that Akira Kijima may become the new president and COO to replace Rolf Eckrodt.
