Japan consortium explores other options for Toshiba restructuring -Kyodo!

A Japan consortium selected in the first round of bids for restructuring Toshiba Corp has decided to check out other options.

Japan Investment Corp is thinking of considering a second option for Toshiba, breaking its bond with Japan industrial Partners.

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Conglomerate Toshiba is looking at numerous restructure plans, even thinking of extending themselves to the private stage.

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Kyodo stated that state backed firm JIC and private equity firm JIP disagreed over the mentioned proposal.

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Meanwhile, JIP has consulted more than ten companies like Orix Corp, ChabuElectric and Central Japan Railway Co to participate in its consortium.

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JIP also approached Nippon Life Insurance Co for participating in its consortium.

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A spokesperson of nippon life Insurance Co said that "nothing is decided" regarding joining the restructuring of Toshiba.

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JIC could not be immediately reached fora comment.

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JIC also considered to form a new partnership with foreign companies

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