Goldman-backed J Trust Drops Out of Takefuji Sale

J Trust Co., which reportedly had backing from Goldman Sachs to help fund its bid for failed Japanese lender Takefuji Corp., has dropped out of the running, Reuters reported. J Trust, a real estate and financial holding firm, said that it was not certain bidding would be handled in a fair and transparent manner, Reuters wrote. Private equity firms Cerberus Capital Management and TPG Capital both reportedly bid in a final round of the auction last month.

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