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Chubu Electric, Orix and other Japanese companies are considering investing in Toshiba – Nikkei

Chubu Electric, Orix and other Japanese companies are considering investing in Toshiba – Nikkei

TOKYO (Reuters) – Chubu Electric Power Company Oryx (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 plans for restructuring, including privatization after the acquisition.

Among the bidders selected for a second bidding round, Japan Industrial Partners (JIP), the local equity firm, has approached more than 10 firms including Chubu Electric and Orix to participate in the plan and bid as a consortium of Japanese firms, Nikkei Dunn reported, citing sources .

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