© 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 (NYSE:) Corp plans to invest about 300 billion yen ($2 billion) in Toshiba (OTC:), business reported on Friday.
A consortium led by private equity firm Japan Industrial Partners (JIP) and including Orix and Chubu Electric Power Co Inc was granted preferred bidder status by Toshiba in a second round of bidding on Oct. 7, though the conglomerate is still open to proposals from others, people familiar with the matter have said.
($1 = 150.7200 yen)
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