Bloomberg – Tokyo Electric Power Co.’s shareholders may be wiped out by clean-up costs and liabilities stemming from the worst nuclear accident since Chernobyl.
The company faces claims of as much as 11 trillion yen ($133 billion), if the crisis lasts two years, that could lead to nationalization, according to Bank of America Merrill Lynch. Investors, including Mitsushige Akino and Edwin Merner, also said shareholders should brace for further losses.
