Toshiba to start taking bids in June for its Swiss unit Landis+Gyr: Kyodo

TOKYO (Reuters) - Japan's Toshiba Corp <6502.T> will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported on Tuesday.

Hitachi Ltd <6501.T> and other Japanese firms are seen as possible bidders for the unit, Kyodo said, without citing sources.

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

Toshiba is targeting buyout groups such as Carlyle (NASDAQ: CG), Cinven [CINV.UL], Advent, Blackstone (NYSE: BX), Bain, Onex , Triton, CD&R and even former owner KKR (NYSE: KKR), a person close to the matter said.

A Toshiba spokesman did not have an immediate comment on the report.

(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)

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