Toshiba boosts Westinghouse stake to 87% | Bangkok Post: news

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Toshiba boosts Westinghouse stake to 87%

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Toshiba has boosted its stake in US nuclear power plant builder Westinghouse Electric to 87 percent, the company said on Monday, as it eyes atomic opportunities outside disaster-struck Japan. 

This file photo shows Toshiba logo, seen in a display window of an electronics shop in Tokyo, on January 31, 2012. Toshiba has boosted its stake in US nuclear power plant builder Westinghouse Electric to 87 percent, the company said on Monday, as it eyes atomic opportunities outside disaster-struck Japan.

The Japanese technology conglomerate said it paid about 125 billion yen ($1.42 billion) for a 20 percent holding in Westinghouse held by US-based engineering firm The Shaw Group.

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