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General

Toshiba sees profit of JPY 40 bln from Landis+Gyr IPO

Friday 21 July 2017 | 09:18 CET | News
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Toshiba said it expects to realise a net profit of JPY 40 billion from the sale of its shares in the initial public offering of Landis+Gyr. Toshiba owns 60 percent of the Swiss smart meter specialist, and the Innovation Network Corporation of Japan is also selling its 40 percent stake in the company. Landis+Cyr is expected to start trading on the SIX Swiss exchange on 21 July.

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Categories: General
Companies: Toshiba
Countries: Switzerland / World
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