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Toshiba considering booking loss on US nuclear power acquisition
December 27, 2016 / 12:14 AM / 9 months ago

Toshiba considering booking loss on US nuclear power acquisition

TOKYO, Dec 27 (Reuters) - Toshiba Corp said on Tuesday it was considering booking a one-off loss of about 100 billion yen ($850 million) on a U.S. nuclear power acquisition made by its Westinghouse operation last year.

The Japanese electronics conglomerate said it would make any necessary announcements following a board meeting on the matter on Tuesday.

The potential loss relates to the acquisition of Chicago Bridge & Iron’s (CB&I) nuclear business unit in October last year. CB&I and Westinghouse are involved in litigation over the calculation of working capital in the deal. (Reporting by Chris Gallagher; Editing by Sam Holmes)

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