Orix can invest about $2 billion in Toshiba buyout – Nikkei Business

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A consortium led by private equity firm Japan Industrial Partners (JIP) has been granted preferred bidder status by Toshiba in a second round of bidding, though the conglomerate is still open to proposals from others.

JIP has asked multiple companies to join the consortium, including Orix (NYSE:IX) and Chubu Electric Power Co Inc.

An Orix spokesperson said the company has been considering the matter regarding Toshiba, but declined to comment further.

($1 = 150.7200 yen)