Harvard endowment fund sells Toshiba stake to Singapore investor 3D

Activist shareholders now own over 30% of Japanese group facing takeover proposal

20210408N Toshiba traffic light

Six of Toshiba's top 10 shareholders are now activist funds. (Photo by Takuya Imai)

Nikkei staff writers

TOKYO -- The Harvard University endowment fund, a major Toshiba shareholder, sold its shares in the company in March to a Singapore-based activist investor, according to people familiar with the transaction.

The shares were acquired by 3D Investment Partners, which voted against Toshiba President Nobuaki Kurumatani and other management proposals at the 2020 shareholders meeting.

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