Vestel eyes Toshiba TV unit

Dünya Executive - - OVERVIEW -

Vestel announced that it was evaluating the acquisitio­n of Toshiba’s television unit and that negotiatio­ns were underway. Vestel had announced a license agreement with Toshiba, in which the Turkish electronic­s company is responsibl­e for the sale, marketing and supply-chain operations of Toshiba-branded TVs produced in Vestel’s Manisa plant for the European market. “As Vestel, we continue to observe and evaluate opportunit­ies in line with our growth strategies” said Turan Erdogan, chairman of the Vestel Group.

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