Struggling Toshiba Plots an IPO for Smart Metering Giant Landis+Gyr

By [email protected] The Japanese conglomerate Toshiba bought a 60 percent stake in Landis+Gyr for $2.3 billion in 2011. Earlier this year, the industrial, electronics and energy giant reportedly started seeking out a buyer for the Swiss smart metering company, to help Toshiba cover losses from its Westinghouse nuclear power plant business.

Now it’s seeking the public option.

Landis+Gyr announced this week that it’s planning an initial public offering on the SIX Swiss stock exchange, in which Toshiba and 40-percent stakeholder Innovation Corporation Network of Japan will sell all of their shares in the company. While CEO Richard Mora said in a Monday conference

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