Japanese consortium submits 2.2 trln yen Toshiba bid, Nikkei reports

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TOKYO, Nov 7 (Reuters) - A consortium of much than 10 Japanese companies, led by the Japan Industrial Partners concern fund, has submitted a bid to bargain Toshiba Corp (6502.T) for astir 2.2 trillion yen ($15.01 billion), the Nikkei paper reported connected Monday.

The consortium, including Chubu Electric Power Co Inc (9502.T) and Orix Corp (8591.T), appears not to person obtained committedness letters from banks but is aiming to implicit the lending woody by end-November if Toshiba accepts the bid to spell private, Nikkei said.

Japanese companies successful the consortium volition walk astir 1 trillion yen, portion aggregate overseas funds decided not to articulation the bid owed to expectations for debased returns, the paper added.

When asked for a remark connected the report, a Toshiba typical said the institution "cannot reply accusation astir candidates, including co-investors, arsenic it whitethorn undermine just process".

($1 = 146.5400 yen)

Reporting by Kantaro Komiya and Makiko Yamazaki; Editing by David Goodman and Bernadette Baum

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