TOSHIBA and GE to begin discussions toward forming JV-Nikkei : Regions : Venture Capital Post

By Editor

Jan 23, 2013 12:24 PM EST

Man walks toward Toshiba Corp's headquarters in Tokyo. Toshiba Corp is planning to cut down its stake in US nuclear power unit Westinghouse. (Photo : REUTERS/Toru Hanai )

Toshiba Corp and GE will begin discussions toward forming joint venture for development and sale of fossil-fuel power equipment according to Nikkei.

Toshiba Corp and GE are expected to take equal stakes in the joint venture, which may be launched as early as this year.

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TOSHIBA and GE to begin discussions toward forming JV-Nikkei

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