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A consortium led by Japan Industrial Companions is contemplating a takeover of Toshiba at a valuation of about ¥2.4 trillion ($16.1 billion) in what might be Asia’s largest buyout this yr, in line with folks conversant in the matter.
The JIP-led group, which is the popular bidder to take the commercial group non-public, plans to offer ¥1 trillion in money whereas searching for financing totaling ¥1.4 trillion from banks together with a dedicated line of credit score of ¥200 billion in working capital, mentioned the folks, who requested to not be recognized because the matter is non-public.
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