TOKYO (Kyodo) — Toshiba Corp. said Wednesday its subsidiary Westinghouse Electric Co. will acquire a U.S. nuclear plant builder, CB&I Stone & Webster Inc., to strengthen its presence in the U.S. energy sector.
Westinghouse will make the construction firm a wholly owned unit, buying its shares from a U.S. engineering company CB&I for an undisclosed amount by the end of this year, Toshiba said.
The deal will also expand Westinghouse's business in such areas as (...)
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