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Toshiba flags big impairment loss on US nuclear business acquisition

Toshiba Corp said on Tuesday that it expects to book an impairment loss on the acquisition of a U.S. nuclear power business.

Published: 27th December 2016 01:03 PM  |   Last Updated: 27th December 2016 01:03 PM   |  A+A-

By Reuters

TOKYO: Toshiba Corp said on Tuesday that it expects to book an impairment loss on the acquisition of a U.S. nuclear power business by its Westinghouse unit, a figure that could reach several billions of dollars.

The Japanese conglomerate said it planned to book several billions of dollars in goodwill related to the purchase of CB&I Stone and Webster but added that was seeking to determine if it should write down the entire value of goodwill or just part of it.



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