Wednesday, February 21

Japan’s Chubu Electric plans to invest $690 mln in Toshiba -Nikkei

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TOKYO — Japanese power utility Chubu

Electric Power Co plans to invest up to 100 billion yen

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($690 million) in Toshiba Corp as part of a consortium

with private equity firm Japan Industrial Partners, the Nikkei

newspaper reported on Friday.

Financial services company Orix Corp is also

considering a 100 billion yen investment, the Nikkei said,

without saying where it got the information.

($1 = 144.9700 yen)

(Reporting by David Dolan; Editing by Muralikumar Anantharaman)