INCJ-led consortium may thwart KKR’s Renesas pledge
Japanese state-sponsored fund Innovation Network Corp of Japan (INCJ) has formed a consortium with several local companies, which is said to be mulling making an offer of more than JPY100 billion ($1.3 billion) for the unprofitable Tokyo-listed chipmaker, Renesas.
If the deal goes ahead, it would block plans announced last month by KKR to invest the same amount in the company. According to the Nikkei business daily, the Japanese firms participating in the INCJ...
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