Toshiba to start taking bids in June for its Swiss unit Landis+Gyr: Kyodo
TOKYO (Reuters) - Japan's Toshiba Corp <6502.T> will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported on Tuesday.
Hitachi Ltd <6501.T> and other Japanese firms are seen as possible bidders for the unit, Kyodo said, without citing sources.
Reuters last month reported that Toshiba had hired UBS to explore a sale or an initial public offering of the business, potentially valued at over $2 billion.
Toshiba is targeting buyout groups such as Carlyle (NASDAQ: CG), Cinven [CINV.UL], Advent, Blackstone (NYSE: BX), Bain, Onex
A Toshiba spokesman did not have an immediate comment on the report.
(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)