TOKYO, March 13 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
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)