Chubu Electric, Orix and other Japanese companies are considering investing in Toshiba, according to Nikkei.

Chubu Electric, Orix and other Japanese companies are considering investing in Toshiba, according to Nikkei.

Toshiba Corp logo. on the roof of a company building in Kawasaki, Japan on June 24, 2022. REUTERS/Issei Kato

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TOKYO, 18 Sep. (Reuters) – Chubu Electric Power Co. (9502.T)Orix Corp. (8591.T) and other Japanese companies are considering investing in Toshiba Corp. (6502.T)This was reported by the Nikkei newspaper on Sunday.

Toshiba is publicly seeking strategic proposals and restructuring plans, including going private after a buyout.

Among the participants selected to participate in the second round of bidding, local investment company Japan Industrial Partners (JIP) contacted more than 10 companies, including Chubu Electric and Orix, to participate in the plan and apply as an alliance of Japanese companies. About this reports the Nikkei without citing sources.

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Reporting by Mariko Katsumura; Editing Alex Richardson

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