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Toshiba lost $6 billion (!), but how?

As Bloomberg reports "(Toshiba) may be undone by four nuclear power plants under construction in the American South. Blown deadlines and budgets at the reactors in Georgia and South Carolina overseen by Toshiba’s Westinghouse Electric subsidiary resulted in the resignation of Toshiba Chairman Shigenori Shiga on Feb. 14 and a 712.5 billion yen ($6.3 billion) writedown on its nuclear reactor business.

“Toshiba is being torn apart,” says Amir Anvarzadeh, head of Japanese equity sales at BGC Partners in Singapore. “It’s going to survive, it’s not going to go bankrupt. But it’s the end of Toshiba as a company with any hopes to grow.” Κάνοντας Like στο Facebook ενημερώνεστε άμεσα για τα νέα άρθρα -->
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