Bloomberg News

Toshiba Hires JPMorgan to Weigh Westinghouse Sale, Express Says

July 15, 2012

Toshiba Corp. (6502) hired JPMorgan Chase & Co. (JPM:US) to study a potential sale of a 49 percent stake in nuclear- plant designer Westinghouse Electric Corp., the Sunday Express reported, without saying where it got the information.

Toshiba bought Westinghouse from British Nuclear Fuels Plc for almost $3 billion in 2006, the newspaper said.

To contact the reporter on this story: Maria Kolesnikova in London at mkolesnikova@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


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  • JPM
    (JPMorgan Chase & Co)
    • $59.77 USD
    • -0.47
    • -0.79%
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