Toshiba selling medical leasing unit to CanonStaff Writer |
Acquisition Entire 65 percent stake
Toshiba Corp. is selling its stake in a medical equipment leasing company to Canon Inc. for 3.14 billion yen.
Toshiba, which owns U.S. nuclear company Westinghouse, is in deep trouble after suffering massive losses in its nuclear business. It has been selling off lucrative businesses such as its computer-chip operations.
It is projecting a 712.5 billion yen loss for its nuclear business, and has been unable to report April-December financial results. Its chairman has resigned to take responsibility for the mess. ■
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