TOSHIBA WEIGHS STAKE SALE IN WESTINGHOUSE
Firm gains new extension till April 11 to release Q3 results
“Around 80 per cent of Westinghouse’s revenue come from stable businesses in services and fuel-related businesses,” he told a news conference, here, yesterday.
Toshiba aims to have Westinghouse off its consolidated accounts by the end of the next financial year in March 2018, he said.
South Korea’s Kepco is seen by industry executives as the only potential buyer. “We will review the overall project and weigh how beneficial this project would be to us,” a Kepco spokesman said.
Toshiba yesterday gained a new extension until April 11 for its third-quarter earnings. If it fails to meet that deadline and does not gain another extension, it would have until April 21 to submit the earnings or be delisted. Reuters
Toshiba Corp chief executive officer Satoshi Tsunakawa at a press conference in Tokyo yesterday.