Toshiba to Invest $37 Million in S. Korean Wind Power Company, NHK Says
By Go Onomitsu -
2011-05-23T08:50:45Z
Toshiba Corp. (6502) plans enter the wind power business by investing as much as 3 billion yen ($37 million) in Unison Co., a South Korean wind power company, public broadcaster NHK said.
Toshiba will purchase convertible bonds in Unison to acquire about one-third of its shares in a year, NHK reported on its website, citing people familiar with the matter.
To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net
To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net
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