Asia Express - East Asian ICT
Toshiba Plans to Sell Stake in Toshiba Ceramics for 91 Bln Yen
November 10, 2006
Toshiba plans to sell its stake in Toshiba Ceramics, a semiconductor wafer manufacturing company, to SIC Investment, a private equity consortium comprising the Carlyle Group and Unison Capital. SIC Investment is offering to pay 600 Yen (US$5.1; US$1 = 118 Yen) per share for Toshiba's entire 40.4% stake in Toshiba Ceramics. The whole deal is valued at 91 billion Yen (US$771.4 million).