Janvier 2017 / The Japan Times

Ailing Toshiba may sell Westinghouse to pare risks from nuclear business

JIJI Jan 31, 2017

Struggling electronics and machinery giant Toshiba Corp. is considering selling U.S. subsidiary Westinghouse Electric Co. as one of its options in an ongoing review of its overseas nuclear operations, sources have said.

Toshiba is expected to suffer a loss of up to 680 billion from its U.S. nuclear plant business.

Against this background, Toshiba aims to eliminate risks of incurring further losses in the future by selling Westinghouse or lowering (...)

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