Tepco shares down more than 5% on reported interest in bid for Toshiba
07/05/2022 | 08:33pm EDT
TOKYO (Reuters) - Shares of Tokyo Electric Power Co (Tepco) fell more than 5% briefly on Wednesday after a report that the Japanese utility firm is considering joining a state-backed fund to buy Toshiba Corp.
Bloomberg reported that Tepco is considering joining a partnership between state-backed Japan Investment Corp and Japan Industrial Partners to bid for Toshiba.
(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)