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Toshiba says it is in favor of a takeover offer by a Japanese consortium for 14 billion euros


The Japanese group had reduced its objectives for the year 2023, after further losses in the third quarter.

Toshiba said Thursday in favor of an offer from a Japanese consortium to buy the former Japanese industrial and technological flagship for nearly 2,000 billion yen, or about 14 billion euros at current exchange rates.

Toshiba's board of directors, however, did not go so far as to recommend this offer to its shareholders, according to a press release.

The public tender offer (OPA) of a consortium led by the fund Japan Industrial Partners (JIP) should be launched at the end of July at the earliest, said the group.

Source: lefigaro

All business articles on 2023-03-23

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