TOKYO: Toshiba Corp said it may book a goodwill impairment loss of several hundreds of billion yen on a US nuclear power acquisition – a shock warning that sent it stock tumbling 12% and rekindled concerns about its accounting acumen.
Toshiba did not specify a figure in its statement, which relates to the acquisition of Chicago Bridge & Iron’s (CB&I) nuclear construction business in December last year for US$229mil by its Westinghouse division.
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