Toshiba to resume sale process of U.S. LNG businessChristian Fernsby ▼ | April 17, 2019
Toshiba said it has decided to scrap a plan to sell its U.S. LNG business to China’s ENN Ecological Holdings and to resume a process to dispose of the business with an aim to complete the transfer by March 2020.
Asia Toshiba also said it would no longer book the planned group loss
the financial year that ended on March 31, 2019.
Toshiba said last week that China’s ENN had scrapped an agreement to take over the LNG business due to a failure to get approvals from shareholders and a U.S. panel that monitors foreign investments. ■