31.7 C
Brunei
Friday, September 30, 2022
31.7 C
Brunei
Friday, September 30, 2022
More
    - Advertisement -
    - Advertisement -

    Chubu Electric joins all-Japan Toshiba buyout consortium

    CNA – Chubu Electric Power Co said yesterday it is joining private equity firm Japan Industrial Partners (JIP) in conducting due diligence for a potential buyout of Japanese conglomerate Toshiba Corp.

    Toshiba, which is exploring going private and other options, has selected Bain Capital, CVC Capital Partners, Brookfield Asset Management and a consortium involving JIP and state-backed Japan Investment Corp to proceed to a second bidding round. JIP has contacted more than 10 companies including Chubu Electric, Orix Corp and Central Japan Railway Co (JR Central) to participate in its consortium, the Nikkei newspaper reported yesterday.

    Orix said it was considering investing in Toshiba, without providing details. Toshiba said it does not comment on candidates for the potential buyout. JR Central did not immediately respond to a request for comment.

    Toshiba Corp logo at the company’s building in Kawasaki near Tokyo. PHOTO: AP
    - Advertisement -
    spot_img

    Latest article

    - Advertisement -
    spot_img