Reuters was first to report that a little-known private equity firm is set to take on the toughest job in corporate Japan: turning around Toshiba. Japan Industrial Partners (JIP) is spearheading a $14 billion takeover that will see the troubled conglomerate delisted on Wednesday after 74 years on the Tokyo exchange.
The post In buying Toshiba, a little-known fund takes on Japan Inc’s toughest job appeared first on Reuters News Agency.
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