Olympus Corporation Considers Raising $628 Million to Boost Capital and Get Over Scandal Era

6/22/2012 8:38:31 AM

Olympus Corp. (7733) is considering raising about 50 billion yen ($628 million) to boost capital that declined by more than half after the Japanese camera maker admitted to a 13-year accounting fraud. The amount is a “rough guideline” as Olympus seeks funding through a capital alliance or a public share sale, President Hiroyuki Sasa said in an interview. Olympus resumed talks in May on possible alliances with companies including Sony Corp. (6758), Panasonic Corp. (6752), Terumo Corp. and Fujifilm Holdings Corp., and hasn’t narrowed the number of candidates, he said.

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