TOKYO, Oct 21 (Reuters) – ORIX Corp (8591.T) has decided to invest about 300 billion yen ($2 billion) in a consortium to buy Japanese industrial companies, Nikkei Business magazine reported. Group Toshiba Corp (6502.T) on its website on Friday.
A consortium led by private equity firm Japan Industrial Partners (JIP) was granted preferred bidder status by Toshiba in a second round of bidding, although the consortium remains open to proposals from others.read more
JIP has asked several companies to join the consortium, including Orix and Chubu Electric Power Co Inc (9502.T).
An ORIX spokesman said the company had been considering the Toshiba matter but declined to comment further.
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