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Toshiba to sell Westinghouse assets to US hedge fund

Retrieved on: 2018-01-17 12:41:15

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<div>TOKYO -- Toshiba said Thursday it has agreed to sell assets related to its bankrupt former subsidiary Westinghouse Electric to a consortium led by U.S. hedge fund <b>Baupost Group</b>. Toshiba will sell claims on assets held by the former nuclear power subsidiary, worth about $8.07 billion, for $2.16 billion.</div>

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