Toshiba decided to split the business into 4 companies


Moscow. April 24. Japanese Corporation Toshiba announced a reorganization plan of the business, which includes the creation of four separate companies on the basis of five existing units, according to a press release.

The first of the four companies will deal with electronic devices, the second information technology, the third – infrastructure projects, the fourth – technology in the field of energy (it will also include nuclear division).

All four companies are wholly owned by the parent. The first three will begin on 1 July, the last on 1 October.

Thus manual Toshiba hopes to increase the interaction between your units and increase their market value.

In addition, the company is ready to offer land plots on which are located five plants Toshiba as collateral for obtaining financing. The land value is estimated at 150 billion yen ($1.4 billion).

Business restructuring, credits and sell business on manufacture of microchips are included in the plan to rescue the company with nearly a century of history from bankruptcy, caused by the elimination of the us nuclear unit Westinghouse Electric.

The company estimates that its net loss at the end of vingada ended 31 March, may be up to $9.2 billion

Toshiba shares at the end of trading on Monday rose by 0.4%.

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