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General

Toshiba shareholders approve sale of memory chip business

Tuesday 24 October 2017 | 09:28 CET | News
Shareholders of Toshiba have approved the sale of its semiconductor division to the Pangea consortium led by Bain Capital Private Equity. Toshiba signed an agreement on the sale for JPY 2 trillion at the end of September and expects to close the deal by March 2018. The proceeds will go towards reducing its debt. 

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Categories: General
Companies: Toshiba
Countries: World
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