Japan state-backed funds consider offer for Toshiba: report
04/15/2021 1:04
TOKYO (Reuters) - Japan Investment Corp (JIC) and Norinchukin Bank are considering buying Toshiba Corp, the Nikkan Kogyo Shimbun reported on Thursday, a Japan-led bid which may be more palatable to regulators and management than rival offers by foreign funds.
Private equity fund CVC Capital Partners, which has already made a preliminary offer for Toshiba, may join the bid to take the conglomerate private, but the Japanese funds would lead the offer, the newspaper said.
The newspaper said other government-affiliated funds may join the bid.
JIC declined to comment when contacted by Reuters, whereas Norinchukin officials were not immediately available.
BusinessJapan state-backed funds consider offer for Toshiba -report
Reuters
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The logo of Toshiba is seen as a shareholder arrives at an extraordinary shareholders meeting in Chiba, Japan, March 30, 2017. REUTERS/Toru Hanai/File Photo
Japan Investment Corp (JIC) and Norinchukin Bank are considering buying Toshiba Corp (6502.T), the Nikkan Kogyo Shimbun reported on Thursday, a Japan-led bid which may be more palatable to regulators and management than rival offers by foreign funds.
Private equity fund CVC Capital Partners, which has already made a preliminary offer for Toshiba, may join the bid to take the conglomerate private, but the Japanese funds would lead the offer, the newspaper said.
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