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Chubu Electric, Orix and other Japanese companies consider investing in Toshiba


© Reuters. FILE PHOTO: Logo of Toshiba Corp. is displayed on top of the company’s facility building in Kawasaki, Japan June 24, 2022. REUTERS / Issei Kato

TOKYO (Reuters) – Chubu Electric Company, Orix (NYSE 🙂 Corp and other Japanese companies are considering investing in Toshiba (OTC: ) Corp , the newspaper reported on Sunday .

Toshiba is publicly seeking strategic proposals and restructuring plans, including going private after the acquisition.

Among the bidders selected for the second round of bidding, Japan Industrial Partners (JIP), a domestic holding company, contacted more than 10 companies including Chubu Electric and Orix to participate in the plan and bring the bid bid as a consortium of Japanese companies, Nikkei reported, without citing sources.

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