Toshiba to sell medical leasing unit to Canon
22-Feb-17, Japan Today
Embattled Japanese electronics maker Toshiba Corp is selling its stake in a medical equipment leasing company to Canon Inc for 3.14 billion yen (USD28 mn).
%20Koji%20Sasahara_AP.jpg "Toshiba to sell medical leasing unit to Canon (c) Koji Sasahara AP")
Image: Koji Sasahara / AP
Toshiba said it is selling its entire 65% stake in Toshiba Medical Finance Co to Canon. Tokyo-based Toshiba has been in talks with Canon since late last year on the sale.
Toshiba, which owns US nuclear company Westinghouse, is in deep trouble after suffering massive losses in its nuclear business. It has been selling off lucrative businesses such as its computer-chip operations.