Toshiba in Talks to Sell Up to 36% Stake in Westinghouse

Toshiba Corp., the Japanese builder of nuclear reactors, is in talks to sell as much as 36 percent of its Westinghouse Electric atomic-power unit as industry growth slows after last year’s meltdowns in Fukushima.

The company is in discussions with three parties for a possible sale of as much as 16 percent in the business, and is talking with three other parties about selling a 20 percent stake, President Norio Sasaki said in an interview today. One of the parties in the latter discussions is Chicago Bridge & Iron Co., he said.