Toshiba Says It Will Sell 55% Stake In Air Conditioning Unit To U.S. Carrier For 100 Billion Yen

Toshiba Says It Will Sell 55% Stake In Air Conditioning Unit To U.S. Carrier For 100 Billion Yen

TOKYO (Reuters) – Toshiba Corp said on Monday it will sell a majority of its 60% stake in air conditioning unit Toshiba Carrier to U.S. joint venture partner Carrier Global Corp for around 100 billion yen ($870 million).

(Reporting by Makiko Yamazaki: Editing by Neil Fullick)