January 16, 2012 / 12:20 AM / 8 years ago

Toshiba denies report it will propose Olympus equity tie-up

A view shows Toshiba Corp's logo at the fourth International Photovoltaic Power Generation (PV) Expo in Tokyo March 2, 2011. REUTERS/Yuriko Nakao

TOKYO (Reuters) - Toshiba Corp (6502.T) on Monday denied a newspaper report it was set to propose an equity tie-up with scandal-hit Olympus Corp (7733.T).

“There is no truth to this,” a Toshiba spokesman told Reuters, after the Nikkan Kogyo said the company was expected to submit a business plan to Olympus’s financial advisers.

Reporting by Isabel Reynolds; Editing by Chris Gallagher

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