Japan Investment Corp to set up 2nd Toshiba restructuring plan -Kyodo

Toshiba Corporation’s logo is displayed on top of the company’s factory building in Kawasaki, Japan, on June 24, 2022. REUTERS/Issei Kato

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TOKYO, Sept 21 (Reuters) – The state-backed Japan Investment Corporation (JIC) is considering a second proposal for a restructuring plan with Toshiba Corp (6502.T), which it announced with Japan Industrial Partners (JIP) Kyodo News Weekly. Three reported that this round of bidding.

Toshiba has been seeking strategic advice and a restructuring plan, including going private after the acquisition.

Kyodo news agency said JIP and JIC disagreed over Toshiba’s best proposal, prompting JIC to consider new partnerships with other funds that passed through Toshiba’s first round of bids, including Bain Capital or CVC Capital Partners.

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Reporting by Kantaro Komiya, editing by Louise Heavens

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