One of the most traditional tech companies in the world has been in crisis for a long time. Toshiba is now apparently considering privatizing the group.
According to its own statements, the struggling Japanese technology giant Toshiba has received eight proposals for privatization so far. There are also two strategic capital and business alliance offers under which the company would remain public. All ten are non-binding proposals, Toshiba announced on Thursday.
The proposals would be checked, among other things, with regard to the price expectations, the medium and long-term improvement in company value and their possible implementation, it said. Names were not mentioned.
Toshiba was already facing the abyss in the mid-2010s
According to the information, “potential investors” will be selected after the annual general meeting on June 28. Accordingly, they should be given the opportunity to carefully examine the economic and financial situation at Toshiba.
The corporate giant, founded in 1875, is one of the best-known names in the Japanese economy. However, the disastrous foray into the US nuclear power business and an accounting scandal brought the group to the brink of collapse in the middle of the last decade. Toshiba produces laptops, memory chips and other semiconductors, among other things, but is also active in the areas of energy plant construction and transport systems.
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