Japan's Toshiba set to end 74-year stock market history

Toshiba, one of Japan's biggest and oldest firms, is set to end its 74-year stock market history as a group of investors have bought a majority stake. The company has announced that a consortium led by private equity firm Japan Industrial Partners has purchased 78.65% of its shares. Under the deal its shares could be taken off the stock market as early as the end of this year. Toshiba's shares started trading in May 1949 when the Tokyo Stock Exchange reopened as Japan emerged from the ravages of World War Two. Toshiba then announced plans to break up the company into three separate businesses.

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