Toshiba sells 10 pct in Westinghouse for $540 mln

ALMATY, Aug 13 (Reuters) - Japan's Toshiba Corp. (6502.T) sold a 10 percent stake in U.S. company Westinghouse to Kazakh uranium producer Kazatomprom for $540 million on Monday.

The deal was signed in Almaty.

"Through this deal Kazatomprom plans to enter new markets for its products," the companies said in a joint statement on the deal.

Westinghouse builds nuclear power plants. State-owned Kazatomprom holds about 10 percent of the global uranium market and plans to grow to 40 percent by 2016-2017.