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Opinion

CVC Capital's bid for Toshiba exposes pervasive conflicts of interest

Ministry of Economy, Trade and Industry's dual roles pull in opposite directions

| Japan
METI has many reasons for wanting Toshiba to disappear from the headlines.   © Reuters

Stephen Givens is a corporate lawyer based in Tokyo.

The reported $20 billion bid to take Toshiba private from U.K.-based private equity fund CVC Capital Partners has the investment community abuzz: Will CEO Nobuaki Kurumatani actually be allowed to pull it off and escape the nets that are encircling him?

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