Toshiba to start taking bids for Swiss unit

|By:, SA News Editor

Toshiba (OTCPK:TOSYY) will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, sources told Kyodo news.

Hitachi (OTCPK:HTHIY) and other Japanese firms are seen as possible suitors for the unit.

Reuters last month reported that Toshiba had hired UBS to explore a sale or an IPO of the business, potentially valued at over $2B.