 "Toshiba")
Toshiba Corp said on Monday it will sell almost all of its 60% stake in its air conditioning unit to its U.S. joint venture partner for $870 million, ahead of an expected rejig of a turnaround plan that has rankled investors.
It will sell 55% of Toshiba Carrier to Carrier Global Corp for around 100 billion yen ($870 million), retaining a 5% stake. The deal is expected to be prelude to a more far-reaching restructuring of the conglomerate to be announced on Monday, when Toshiba starts a two-day "investor day".
Toshiba is set to announce a plan to split into
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