Orix can invest about $2 billion in Toshiba buyout – Nikkei Business
2022.10.21 05:17
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© 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/File Photo
TOKYO (Reuters) -Orix Corp has decided it could invest about 300 billion yen ($2 billion) in a consortium to buy out Japanese industrial conglomerate Toshiba (OTC:) Corp, the Business magazine reported on its website on Friday.
A consortium led by private equity firm Japan Industrial Partners (JIP) has been granted preferred bidder status by Toshiba in a second round of bidding, though the conglomerate is still open to proposals from others.
JIP has asked multiple companies to join the consortium, including Orix (NYSE:) and Chubu Electric Power Co Inc.
An Orix spokesperson said the company has been considering the matter regarding Toshiba, but declined to comment further.
($1 = 150.7200 yen)
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