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


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.

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