December 31, 2015 / 1:16 AM / 2 years ago

Japan state-backed fund to support Toshiba's restructuring - Nikkei

(Reuters) - A Japanese state-backed fund will help Toshiba rebuild its home electronics division and other operations by facilitating tie-ups with Sharp and others, the Nikkei reported.

Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo September 14, 2015. REUTERS/Toru Hanai

Toshiba is looking to merge its white goods segment with its counterpart at Sharp or another Japanese home electronics manufacturer, the newspaper said. (s.nikkei.com/1YPpdhr)

Support would come from the industry ministry and public-private investment fund, the Innovation Network Corp of Japan (INCJ), the report said.

The fund could also help Toshiba restructure its nuclear power business as the manufacturer hopes to find a partner for boiling-water reactors, the paper reported.

Toshiba was not immediately available for comment.

Reuters reported earlier this month that INCJ was looking to inject funds into Sharp and was pursuing a broader restructuring of the troubled firm including a possible merger with Toshiba’s consumer electronics arm.

Reporting by Nikhil Subba in Bengaluru; Editing by Stephen Coates

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below