Chubu Electrical, Orix and different Japanese corporations contemplate investing in Toshiba – Nikkei

© 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

TOKYO (Reuters) – Chubu Electric Power Co, Orix (NYSE:) Corp and other Japanese companies are considering to invest in Toshiba (OTC:) Corp, the newspaper reported on Sunday.

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

Among those bidders selected for a second bidding round, Japan Industrial Partners (JIP), the domestic equity firm, has contacted more than 10 companies including Chubu Electric and Orix to participate in the plan and make a bid as an alliance of Japanese companies, the Nikkei reported, without citing sources.

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