Japan's Mitsubishi seeks bail-out funds -FT

Newswire

LONDON, April 28 (Reuters) - The Mitsubishi group is seeking Japanese and foreign private equity funds to help rescue the ailing Mitsubishi Motors company , the Financial Times reported on Wednesday. The group plans to sell 100 billion yen's ($911.4 million) worth of preference shares issued by Mitsubishi Motors to corporate rehabilitation firms and is sealing the terms with Japanese private equity firm Phoenix Capital, the newspaper said, without citing sources. On Friday ...

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