4u Created
Image default
Business

Chubu Electric, Orix and other Japanese companies consider investing in Toshiba



© Reuters. FILE PHOTO: The logo of Toshiba Corp. is displayed atop of the company’s facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei Kato

TOKYO (Reuters) – Chubu Electric Power Co, Orix (NYSE:) Corp and other Japanese companies are considering to invest in Toshiba (OTC:) Corp, the newspaper reported on Sunday.

Toshiba is publicly seeking strategic proposals and restructuring plans, including going private after a buyout.

Among those bidders selected for a second bidding round, Japan Industrial Partners (JIP), the domestic equity firm, has contacted more than 10 companies including Chubu Electric and Orix to participate in the plan and make a bid as an alliance of Japanese companies, the Nikkei reported, without citing sources.



Source link

Related posts

U.S. SEC stepped up enforcement activity in fy2022, assessed record penalties By Reuters

ECB set to raise rates by 0.5% in Feb and March, Knot says By Reuters

Credit Suisse Reiterates Underperform Rating on KBC Group