March 14, 2017 / 8:29 AM / a year ago

Toshiba CEO says sees takers for Westinghouse nuclear unit

TOKYO (Reuters) - Toshiba Corp Chief Executive Satoshi Tsunakawa said on Tuesday he expected the company’s U.S. nuclear unit Westinghouse to attract interest from potential buyers given its stable fuel and services business.

Speaking at a news conference, Tsunakawa sidestepped questions over whether a Chapter 11 filing for Westinghouse was a possibility, saying there were “various options” for the unit.

Toshiba said earlier it would speed up looking at whether to sell a majority of Westinghouse, which has become the epicentre of Toshiba’s latest crisis and an expected $6.3 billion writedown.

Reporting by Makiko Yamazaki and Taiga Uranaka

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below