Toshiba, the troubled Japanese conglomerate exploring strategic options, said it has received eight initial proposals to take it private as well as two proposals for capital alliances that would see it remain listed.
The conglomerate did not name any of the potential investors or say how many were from overseas. According to sources familiar with the matter, KKR & Co, Blackstone, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo Global Management and CVC Capital Partners were considering bids.
Toshiba also said it expects operating profit to more than double to $2.8bn in the year through March 2026 from the last financial year – an outlook it wants to be the springboard for discussions with potential investors.
Read more: Reuters
