Toshiba Completes Sale of Westinghouse to Brookfield

Toshiba Corporation of Tokyo, Japan, announced today that it’s completed the sale of its holdings in Toshiba Nuclear Energy, the indirect holding company of Westinghouse Electric, to Brookfield Business Partners.

Westinghouse filed for U.S. Chapter 11 bankruptcy protection in March 2017.

In January 2018, Toshiba announced that Brookfield Business Partners had agreed to acquire Westinghouse from Toshiba for about $4.6 billion.

Toshiba noted that its forecast for its fiscal year that ended on March 31, 2018 did not include the impact of proceeds from the sale, but that it is currently doing so now. It will announce results for its fiscal year on May 15, 2018.

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