Toshiba Sells Stake in Westinghouse

Representation of Toshiba Corporation (Japan), in its US$1.2 billion sale of a 23% stake in Westinghouse Electric Company LLC, a builder of nuclear power plants. Toshiba sold a 20% stake of Westinghouse Electric to The Shaw Group Inc., an engineering and construction contracting company, and a 3% stake to Ishikawajima-Harima Heavy Industries Co., Ltd. (Japan), a manufacturer of industrial equipment and machinery.