Toshiba to buy Shaw's stake in Westinghouse for $1.6 bln

TOKYO Tue Oct 9, 2012 8:28pm EDT

TOKYO Oct 10 (Reuters) - Toshiba Corp said on Wednesday that it plans to buy Shaw's 20 percent stake in nuclear power plant company Westinghouse Electric Co for about 125 billion yen ($1.6 billion) within 90 days, using cash on hand and loans.

Toshiba said it would pursue talks with a number of firms that have expressed interest in taking a minority stake in Westinghouse.

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