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Toshiba says not true it is considering selling shares in Toshiba Tec
March 13, 2017 / 12:02 AM / in 7 months

Toshiba says not true it is considering selling shares in Toshiba Tec

TOKYO, March 13 (Reuters) - Toshiba Corp said on Monday it is not true that it is considering selling shares in its Toshiba Tec Corp unit.

The Japanese industrial conglomerate denied a Nikkei business daily report that it was looking to sell shares in Toshiba Tec, a maker of cash register systems, as it seeks to plug an upcoming $6.3 billion writedown for its U.S. nuclear unit.

Toshiba has selected an advisory firm to help find a buyer soon for Toshiba Tec, the paper said. The sale price for the entire 50.02 percent stake in Toshiba Tec would likely be around 100 billion yen ($870 million), the Nikkei said. ($1 = 114.6800 yen) (Reporting by Chang-Ran Kim; Editing by Stephen Coates)

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