Japan Investment Corp to set up 2nd Toshiba restructuring plan -Kyodo

The logo of Toshiba Corp. is displayed atop of the company's facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei Kato

TOKYO, Sept 21 (Reuters) – State-backed Japan Investment Corp (JIC) is considering a second proposal for Toshiba Corp's (6502.T) restructuring plan, breaking off with Japan Industrial Partners (JIP) with which it linked up in the first round of bidding, Kyodo news reported on Wednesday.

Toshiba has sought strategic proposals and restructuring plans, including going private after a buyout.

JIP and JIC disagreed over the best proposal for Toshiba, prompting JIC to consider a new partnership with other funds that passed Toshiba's first bidding round, including Bain Capital or CVC Capital Partners, Kyodo said.

Reporting by Kantaro Komiya, Editing by Louise Heavens

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