TOKYO, March 18 (Reuters) - Dozens of investment funds
and companies, including KKR and Bain Capital, are
showing interest in Tokyo Electric Power's ( TKECF ) capital
alliance plan as part of its business turnaround, the Asahi
newspaper reported on Wednesday.
The utility giant, which began soliciting proposals in
February, has asked potential partners to submit concrete offers
by the end of March and aims to choose a partner by the end of
this year, Asahi reported, citing people familiar with the deal.
TEPCO ( TKECF ) intends to keep the Japanese government's majority
voting stake unchanged, but is open to taking the company
private as part of the restructuring, the report said.
U.S. investment firms KKR and Bain, along with Japan
Industrial Partners (JIP) and Japan Investment Corporation
(JIC), are among those that have expressed interest, it said.