Toshiba in talks to sell its white goods business to Midea Group-Nikkei

(Reuters) - Japanese industrial conglomerate Toshiba Corp <6502.T> said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd <000333.SZ>, Nikkei reported on Monday.

The deal is expected to fetch tens of billions of yen, the Japanese business daily reported.

Toshiba granted Canon Inc <7751.T> exclusive negotiating rights for its medical equipment unit, earlier this month, after a hotly contested auction, with a report putting Canon's offer at more than $6 billion.

(Reporting by Nikhil Subba in Bengaluru; Editing by Shounak Dasgupta)