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Westinghouse hopes to get out of Chapter 11 in early 2018

Reuters  |  LONDON 

LONDON (Reuters) - U.S. nuclear reactor maker Westinghouse does not expect to come out of Chapter 11 bankruptcy proceedings before the end of this year but hopes to complete its restructuring early next year, its chief executive said. CEO Jose Gutierrez said that majority shareholder Toshiba continues to look for a buyer for the company and that while investment bank PJT is exploring opportunities, no formal talks with a potential buyer are under way.He said he hopes that the four AP1000 Westinghouse reactors under construction in China will go into operation next year. "I am very cautious, ...

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First Published: Fri, September 15 2017. 15:21 IST