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Japan's Toshiba to complete Westinghouse Electric takeover this month

Japan's Toshiba to complete Westinghouse Electric takeover this month

Japan's Toshiba Corp. said Wednesday that it expected to complete its takeover of Westinghouse Electric Co., the U.S. producer of atomic power plant equipment, by the end of this month.
Japan's Ishikawajima-Harima Heavy Industries Co. and the Shaw Group Inc. of the United States will be partnering with Toshiba to complete the acquisition of the company from its parent, British Nuclear Fuels PLC, Toshiba said in a statement.
BNFL agreed in February to sell the business along with its U.S. unit, BNFL USA Group, to Toshiba for $5.4 billion (


Updated : 2021-06-21 13:00 GMT+08:00