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VESTL.E - Vestel Elektronik Sanayi Ve Ticaret AS News Story

TRY25.16 0.0  0.0%

Last Trade - 21/01/22

Sector
Technology
Size
Mid Cap
Market Cap £463.6m
Enterprise Value £912.6m
Revenue £1.61bn
Position in Universe 64th / 653

Turkey's Vestel in talks to buy Toshiba television unit -official

By Ceyda Caglayan 
    ISTANBUL, April 10 (Reuters) - Turkey's Vestel  VESTL.IS  is 
in talks to buy the television unit of Japan's Toshiba Corp 
 6502.T , an official for the Turkish maker of electronics and 
home appliances said on Monday, declining to be identified. 
    Vestel last year signed a five-year agreement with Toshiba, 
giving it the right to produce and sell televisions under the 
Toshiba brand in Europe. 
    Toshiba, a televisions-to-construction conglomerate expects 
to book a net loss of about $9 billion for the year that ended 
in March, due to a writedown related to cost overruns at its 
U.S. nuclear unit Westinghouse that recently went bankrupt. 
 urn:newsml:reuters.com:*:nL3N1HC0HE  
 
 (Reporting by Ceyda Caglayan; Writing by David Dolan; Editing 
by Daren Butler) 
 ((david.dolan@tr.com; +90 212 350 7046; Reuters Messaging: 
david.dolan.thomsonreuters.com@reuters.net)) 
 
Keywords: TOSHIBA VESTEL/
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