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Toshiba may book $4.3 billion loss on U.S. nuclear acquisition

Staff Writer |
Toshiba said it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition.

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Toshiba did not specify a figure in its statement, which relates to the acquisition of Chicago Bridge & Iron's nuclear construction business in December last year for $229 million by its Westinghouse division.

Potential losses reported by domestic media have ranged from 100 billion yen to 500 billion yen ($850 million to $4.3 billion).

Toshiba said a board meeting would be held and any necessary announcements would be made after that.

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