You are here: Home » International » News » Companies
Business Standard

Toshiba chip unit sale to Bain-led consortium wins Chinese regulatory nod

A Toshiba spokeswoman said the company had not confirmed whether there had been any approval by Chinese regulators.

Reuters  |  Tokyo 

China regulatory authorities have approved the $18 billion sale of Toshiba Corp's chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources. The antimonopoly review has been the biggest and last hurdle to the sale of the troubled Japanese conglomerate's most prized asset. A Toshiba spokeswoman said the company had not confirmed whether there had been any approval by Chinese regulators. A representative for China's State Administration for Market Regulation said he was not ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, May 17 2018. 18:34 IST
RECOMMENDED FOR YOU