Toshiba: to Cancel the sale is possible; depends on Beijing


© Reuters. TOSHIBA: CANCEL THE SALE, POSSIBLE; DEPENDENT ON BEIJING

TOKYO (Reuters) – Toshiba (T:6502) has decided to cancel the sale of his memoirs, if he does not get the green light from the China by may, ” wrote the Mainichi newspaper Sunday.

A consortium led by the venture capital fund of u.s. investment Bain Capital has won high fight this market in the past year.

The conglomerate of japan had decided to sell his pole memoirs to absorb the financial burden of its subsidiary, american nuclear Westinghouse. But he was not able to complete the sale before the deadline of 31 march and are still waiting the permission of the chinese authorities.

Toshiba has managed to raise $ 5.4 billion from foreign investors at the end of last year and he now believes that it is no longer necessary to sell, carried on the Mainichi, without citing sources.

He adds that Toshiba would consider the possibility of introducing Exchange her pole memories if the sale was not done.

A spokesman for Toshiba said that the japanese group was still intended the loop as soon as possible.

Toshiba does not choose to waive the sale of its semiconductors at less than one change of major importance of the circumstances, had said at the beginning of the month the new director-general Nobuaki Kurumatani.

(Makiko Yamazaki; Wilfrid Exbrayat for the French service)

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