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Japan's Tepco in talks to sell data centre unit to Secom: Nikkei
September 17, 2012 / 11:28 PM / 5 years ago

Japan's Tepco in talks to sell data centre unit to Secom: Nikkei

TOKYO (Reuters) - Tokyo Electric Power Co (Tepco) (9501.T) is in late-stage talks to sell a majority stake in its data centre business for around 50 billion yen ($634 million) to Secom Co (9735.T), Japan’s largest security firm, the Nikkei business daily reported on Tuesday.

A man walking out is seen past Tokyo Electric Power Co (TEPCO)'s logo at the company headquarters in Tokyo July 19, 2012. REUTERS/Yuriko Nakao

Tepco owns about 80 percent of At Tokyo, a subsidiary that runs a number of data centers around Tokyo, and is looking to keep around a 30 percent share of the company in the deal which is expected to be finished this month, the newspaper said.

($1 = 78.8150 Japanese yen)

Reporting by James Topham and Antoni Slodkowski; Editing by John Mair

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