Inactive Instrument

Toshiba

Equities

6502

JP3592200004

Toshiba : banking on medical unit sale, drops plans for more loans-sources

March 15, 2016 at 07:32 am EDT

TOKYO (Reuters) - Toshiba Corp is set to drop plans to seek about $1.8 billion in additional loans as its planned sale of a medical unit will likely provide it with enough funds for the time being, sources familiar with the situation said on Tuesday.

Toshiba was seeking around 200 billion yen ($1.76 billion) from Sumitomo Mitsui Banking Corp, Mizuho Bank and Sumitomo Mitsui Trust Bank to fund a restructuring in the wake of a $1.3 billion accounting scandal, separate sources said earlier this month.

Toshiba last week said it granted Canon Inc exclusive negotiating rights to buy its medical equipment unit after a hotly contested auction, with one source with knowledge of the talks putting Canon's offer at more than $6 billion.

(Reporting by Taro Fuse; Editing by Muralikumar Anantharaman)

Valeurs citées dans l'article : Toshiba Corp, Canon Inc, EQUIPMENT

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
MITSUI & CO., LTD.	7,782 JPY	-1.19%	+0.48%	75.5B
CANON INC.	4,392 JPY	+0.71%	+1.48%	27.47B
US DOLLAR / JAPANESE YEN	156.4 JPY	+0.13%	+1.37%	-

Latest news about Toshiba

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From scandal to delisting: Toshiba's long-running crisis	Dec. 19	RE
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Toshiba Corporation(TSE:6502) dropped from FTSE All-World Index	Dec. 18	CI
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Toshiba Announces JIP-Led Management Board Members	Dec. 14	CI
Toshiba Corporation Announces Management Resignations	Dec. 14	CI
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Industrials Climb on Deal Activity -- Industrials Roundup	Dec. 08	DJ
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Company Profile

Toshiba Corp is a Japan-based company mainly engaged in energy system solutions business and other businesses. The Company operates in six business segments. The Energy System Solutions segment provides thermal power generation systems, nuclear power generation systems and hydroelectric power generation systems. The Infrastructure System Solutions segment provides water and sewage systems, broadcasting systems, radio equipment, environmental systems, road systems, transportation equipment, and battery systems. The Retail & Printing Solutions segment provides point-of-sale (POS) systems, multifunction devices. The Storage & Device Solutions segment provides power devices, small signal devices, optical semiconductors, mixed signal integrated circuits (ICs), hard disk drives (HDDs), semiconductor manufacturing equipment. The Industrial ICT Solutions segment provides information technology (IT) solution services. The Others segment provides logistics services.

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