TOKYO -- Japanese megabanks, including Sumitomo Mitsui Banking Corp. and Mizuho Bank, are set to deliver loans of around 1.2 trillion yen ($8.8 billion) to a consortium led by the investment fund Japan Industrial Partners to take over Toshiba, Nikkei learned on Thursday.
Toshiba in turmoil
Toshiba buyout: JIP-led group secures $8.8bn loans from megabanks
Troubled Japanese company's shareholders to determine fate of takeover proposal
The investment fund Japan Industrial Partners submitted a proposal to take over Toshiba in November. (Photo by Tsuyoshi Tamehiro)
Read Next
Latest on Toshiba in turmoil
