Japan Industrial Partners-led group looking to buy Toshiba for $19 billion -Kyodo By Reuters


© 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) – The consortium of Japanese firms led by Japan Industrial Partners is looking to buy Toshiba (OTC:) Corp for 2.8 trillion yen ($19.13 billion), Kyodo reported on Wednesday.

The group, which is expected to include Chubu Electric Power Co, received the right of first refusal in its bid for the Japanese conglomerate, the business daily reported on Tuesday.

($1 = 146.3600 yen)

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