China approves sale of $18 billion Toshiba chip unit to Bain-led consortium: NHK

FILE PHOTO - The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan
FILE PHOTO: The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File Photo

May 17, 2018

TOKYO (Reuters) – China regulatory authorities have approved the $18 billion sale of Toshiba Corp’s <6502.T> chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources.

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

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

Free America Network Articles

Leave a Comment