Toshiba has boosted its stake in U.S. nuclear power plant builder Westinghouse Electric to 87%, the company said Monday, as it eyes atomic opportunities outside disaster-struck Japan.
The Japanese technology conglomerate said it paid about 125 billion yen (US$1.42 billion) for a 20% holding in Westinghouse held by US-based engineering firm The Shaw Group.
The deal announced Monday finalised an option that Shaw exercised in October to sell its entire stake in Westinghouse to Toshiba.
Last month, Toshiba said it was in talks with three parties about selling a stake of up to 16% in Westinghouse, while keeping its majority stake.
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