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China approves sale of $18 bln Toshiba chip unit to Bain-led consortium -NHK

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TOKYO | Thursday, May 17 2018 IST
China regulatory authorities have approved the $18 billion sale of Toshiba Corp's chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources.

A Toshiba spokeswoman said the company had not confirmed whether there had been any approval by Chinese regulators.

REUTERS SDR 1506

-- (Reuters) -- C-1-1-DL0431-1367721.Xml

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