Advertisement
UK markets close in 6 hours 22 minutes
  • FTSE 100

    7,820.28
    -56.77 (-0.72%)
     
  • FTSE 250

    19,265.96
    -184.71 (-0.95%)
     
  • AIM

    740.54
    -4.75 (-0.64%)
     
  • GBP/EUR

    1.1684
    +0.0001 (+0.01%)
     
  • GBP/USD

    1.2447
    +0.0008 (+0.07%)
     
  • Bitcoin GBP

    51,864.04
    +2,523.70 (+5.11%)
     
  • CMC Crypto 200

    1,329.83
    +17.20 (+1.31%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • CRUDE OIL

    83.09
    +0.36 (+0.44%)
     
  • GOLD FUTURES

    2,399.80
    +1.80 (+0.08%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,670.98
    -166.42 (-0.93%)
     
  • CAC 40

    7,958.99
    -64.27 (-0.80%)
     

Toshiba to sell Topcon shares for 50-60 billion yen

The logo of Toshiba Corp is pictured at its headquarters in Tokyo in this August 13, 2015 picture.

TOKYO (Reuters) - Japan's Toshiba Corp, struggling to recover from a $1.2 billion (0.78 billion pounds) accounting scandal, said it was selling all the shares it owns in optical equipment maker Topcon Corp for around 50-60 billion yen (267.68-321.48 million pounds).

The company said it expects to book a pretax gain of 30-40 billion yen from the sale.

(Reporting by Ritsuko Ando; Editing by Chris Gallagher)