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JIP Struggling to Obtain Loans for Toshiba Acquisition

JIP Struggling to Obtain Loans for Toshiba Acquisition

   Tokyo, Jan. 20 (Jiji Press)--Japan Industrial Partners Inc. is struggling to obtain agreement from a bank syndicate on expected loans to finance the investment fund's planned acquisition of Toshiba Corp. <6502>, sources have said.
   JIP, the preferred bidder for the electronics and heavy machinery giant, is negotiating with the group of five Japanese banks, hoping to secure up to 1.4 trillion yen in loans by the end of January.

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AFP-JIJI PRESS NEWS JOURNAL


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