Toshiba suitor JIC increases size of buyout fund by 4.5 times to over $6b

Toshiba suitor JIC increases size of buyout fund by 4.5 times to over $6b

FILE PHOTO: The logo of Toshiba Corp. is displayed atop of the company's facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei Kato/File Photo

Japan Investment Corp (JIC), a potential bidder for Toshiba Corp, has expanded the size of its buyout fund by 4.5 times to 900 billion yen ($6.11 billion), a spokesperson for the state-backed investment firm said on Wednesday.