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Toshiba agrees sale of memory business to Bain group for JPY 2 trillion

2017-09-21 09:02:00| Telecompaper Headlines

(Telecompaper) Toshiba has reached an agreement to sell its memory chip business to a consortium led by Bain Capital for JPY 2 trillion. The company aims to complete the sale by March 2018, bringing to an end its negative equity and improving its balance sheet considerably.

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