Toshiba sees loss of about 100 bn yen on US nuclear power acquisition

The loss relates to the acquisition of Chicago Bridge & Iron's nuclear business unit in Oct 2015

Electronics giant Toshiba Corp expects to report a one-off loss of about 100 billion yen ($850 million) on a US nuclear power acquisition made by its Westinghouse operation last year, the Nikkei business daily reported.
 
Toshiba did not immediately reply to a request from Reuters for comment.
 
The loss relates to the acquisition of Chicago Bridge & Iron's (CB&I) nuclear business unit in October last year. CB&I and Westinghouse are involved in litigation over the calculation of working capital in the deal.

 
Toshiba has forecast full year net profit at about 145 billion yen this year.