Toshiba, a manufacturer and marketer of electronic and electrical products, is expected to be concentrating on power business, which also includes nuclear power, due to the continued slump in the semiconductor sector.
Alstom and Schneider Electric, French engineering companies, are expected to offer a joint bid for the same unit. Axa Private Equity has revealed in May that it is also interested to bid for the unit.
China Investment is also planning to bid in partnership with other investors, reported French daily Les Echos.
“This deal has the potential to affect the power balance in the sector, and we are watching how it unfolds with interest,” reported Reuters, quoting Keisuke Ohmori, spokesman of Toshiba.
Toshiba is expected to participate in the first round of bidding on September 18.
