Tokai Corp. will increase its stake in Repower Energy Development Corp. (REDC), a subsidiary of Pure Energy Holdings Corp., to 20.1 percent. Tokai, which was an anchor investor to REDC’s initial public offering (IPO) by purchasing a 10-percent stake, will purchase an additional 65.1 million shares. The shares will be…
Japanese firm raises stake in Repower to 20 1%
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