The Innovation Network Company of Japan (INCJ), a government bail-out fund for troubled companies, is to sell a 20% stake in Renesas. INCJ currently holds 69% of Renesas after bailing out the company in 2013. At that time the company had cumulative losses of some $6 billion over the previous seven years. INCJ bought its ...
Read full article: INCJ to sell 20% stake in Renesas
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