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

Reuters | Thu, May 17, 2018 05:35 EDT

TOKYO (Reuters) - China regulatory authorities have approved the $18 billion sale of Toshiba Corp's <6502.T> 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.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

(c) Copyright Thomson Reuters 2018. Click For Restrictions - http://about.reuters.com/fulllegal.asp



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