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General

Toshiba to carve out Memory business for possible sale

Friday 27 January 2017 | 09:53 CET | News
Toshiba plans to calve off its Memory business from 31 March through a company split. Toshiba is reviewing how to conduct the split, with a view to an injection of third-party capital, its purpose for the move. The company is looking for an injection to offset, or partially offset, a potential goodwill write-down of "several billion US dollars" related to Westinghouse's acquisition of CB&I Stone & Webster. Toshiba sold CB&I Stone & Webster in December but said at the time that cost overruns would be higher than initially planned for.

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Categories: General
Companies: Toshiba
Countries: World
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