Toshiba Expects Suitors For Assets Ahead Of Split

Image: The Star

Japan’s Toshiba Corp is set to be broken into three independent companies. The move follows a five-month strategic review, undertaken after a highly damaging corporate governance scandal. Under the plan, Toshiba will spin off two core businesses – energy and infrastructure, plus devices and storage. Toshiba itself will manage its 40 per cent-owned memory chipmaker Kioxia and other assets.

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