Acquisition of Shares by Westinghouse UK of Nuclear Fuel Industries, Ltd.
Westinghouse UK Limited (thereafter Westinghouse UK), Toshiba's consolidated subsidiary, today signed a share transfer agreement with Furukawa Electric Co., Ltd. (Furukawa Electric) and Sumitomo Electric Industries, Ltd. (Sumitomo Electric), under which Westinghouse UK will acquire a majority of the outstanding common stock of Nuclear Fuel Industries, Ltd (NFI). The share transfer is expected to be finalized within May.
1.Outline of share acquisition by Westinghouse UK
Westinghouse UK will acquire 26 percent of NFI's outstanding common stock from each of Furukawa Electric and Sumitomo Electric, respectively, thereby establishing 52 percent ownership of NFI.
(1) Subject of share acquisition: Nuclear Fuel Industries, Ltd.
Shareholding: as of April 30, Furukawa Electric 50%, Sumitomo Electric 50%
Location of Headquarters: Meiji Yasuda Seimei Mita Building, 3-14-10, Mita, Minato-ku, Tokyo
(2) Price of share acquisition (consolidated, planned): About 10-billion yen
(3) Timing of share transfer (closing): May 2009 (planned)
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