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/ Apr 27, 2017

Japan-U.S. consortium to bid for Toshiba chip unit

A Japanese state-backed corporate turnaround fund and U.S. investment fund Kohlberg Kravis Roberts may form a consortium with several Japanese firms to bid for Toshiba Corp.’s chip subsidiary, sources said Wednesday. A consortium of the Innovation Network Corp. of Japan, the state-owned Development Bank ...

/ Apr 27, 2017

Hitachi to sell chip-making device subsidiary to KKR

Hitachi Ltd. said Wednesday it will sell its 51.7 percent stake in chip manufacturing device maker Hitachi Kokusai Electric Inc. to U.S. investment fund Kohlberg Kravis Roberts to streamline operations and focus on core businesses. KKR plans to acquire all shares in Hitachi Kokusai ...

/ Apr 26, 2017

Shoko Chukin extended ¥19.8 billion in fraudulent loans

The government-affiliated Shoko Chukin Bank has discovered that 35 of its branches illicitly extended loans worth ¥19.8 billion under a low-interest financing program intended to help crisis-hit small businesses. According to a report released Tuesday by the bank’s third-party investigative panel, 816 loans were ...

/ Apr 26, 2017

Hitachi may team up with U.K. fund to buy Toshiba unit

Hitachi may work with a British investment fund to acquire Swiss power-meter maker Landis+Gyr, a Toshiba unit being considered for sale, sources said. The acquisition is expected to cost more than ¥200 billion. A recent proposal calls for CVC Capital Partners to acquire a ...