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.
Conglomerate Toshiba is looking at numerous restructure plans, even thinking of extending themselves to the private stage.
Kyodo stated that state backed firm JIC and private equity firm JIP disagreed over the mentioned proposal.
Meanwhile, JIP has consulted more than ten companies like Orix Corp, ChabuElectric and Central Japan Railway Co to participate in its consortium.
JIP also approached Nippon Life Insurance Co for participating in its consortium.
A spokesperson of nippon life Insurance Co said that "nothing is decided" regarding joining the restructuring of Toshiba.
JIC could not be immediately reached fora comment.
JIC also considered to form a new partnership with foreign companies
It includes U.s based bain capital or u.k based cvc capital partners.