Chubu Electric joins all-Japanese Toshiba buyout consortium

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Chubu Electric Power Co said on Sunday it is joining private equity firm Japan Industrial Partners (JIP) in conducting due diligence for a potential buyout of Japanese conglomerate Toshiba Corp .

Toshiba said it does not comment on candidates for the potential buyout. Orix and JR Central did not immediately respond to a request for comment.Reporting by Mariko Katsumura; Editing by Alex Richardson and Christian Schmollinger.

Toshiba said it does not comment on candidates for the potential buyout. Orix and JR Central did not immediately respond to a request for comment.Reporting by Mariko Katsumura; Editing by Alex Richardson and Christian Schmollinger
 

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