(Boursier.com) — KKR would have thrown in the towel. According to the indiscretions of the ‘Financial Times’, the American investment fund has abandoned the race to take over Toshiba. The private equity giant has reportedly lost its enthusiasm for a full takeover of the Japanese industrial icon and instead preferred to buy out companies that will be created through a privatization process, the financial newspaper’s sources say. The withdrawal of KKR should pave the way for several of its rivals such as Bain Capital, now seen as a favorite for the takeover of the Japanese giant. Toshiba recently said it had received eight privatization offers and two business alliance proposals.
©2022 Boursier.com