Changing structure: A worker welds part of an outdoor air-conditioning unit at the Toshiba factory in Fuji. The company has received interest from private equity suitors. ─ AP
TOKYO: One of Toshiba Corp’s largest investors is calling on the Japanese conglomerate to run a strategic review after private equity firm CVC Capital Partners proposed taking the company private for US$21bil (RM86bil).
3D Investment Partners, which owns a 7.2% stake in Toshiba, said in a letter to the company’s board that it believes running a full and fair sales process was essential to rebuilding trust with investors after a tumultuous period that has included an investor revolt and the resignation of former CVC dealmaker Nobuaki Kurumatani as chief executive officer.
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