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General

Toshiba may sell majority stake in nuclear ops

Wednesday 15 March 2017 | 10:08 CET | News
Toshiba may sell a majority stake in its Westinghouse nuclear business, Bloomberg reported, sayind the company missed a second deadline to report earnings. The company said it was assessing Westinghouse's position within the group. Toshiba made the statement when it gained approval to release its third quarter earnings until 11 April. The company said it needs more time to examine reports of "inappropriate pressure" internally to push the acquisition of a US construction company specialised in building atomic plants. Toshiba now believes it will need to take a write-down of JPY 712.5 billion

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Categories: General
Companies: Toshiba
Countries: World
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