ã€Global Internet Reports】 According to informed sources, the Trump administration is highly vigilant about the possibility of Toshiba’s nuclear company Westinghouse (WH) being acquired by Chinese investors. They are trying to find US investors or allies. Buyers. Ministers of Energy Rick Perry and Finance Minister Nuchin discussed the blocking of the acquisition of Westinghouse by companies that are associated with China.
So far, Chinese investors have shown interest in Westinghouse's investment.
It is reported that Westinghouse has filed for bankruptcy protection on March 29, and the parent company Toshiba is looking for buyers for a nuclear reactor business that has fallen into losses.
According to reports, Westinghouse chairman Danny Roderick (Danny Roderick) was replaced on March 27 by Mamoru Hatazawa, head of the Toshiba Department of Nuclear Power. The spokesperson stated that Mamoru Hatazawa will serve as interim chairman until Westinghouse Electric appoints a new chairman.
According to the above-mentioned informed sources, the Trump administration and the Congress are concerned that Westinghouse's bankruptcy protection procedures may cause investment consortiums that hide Chinese funds to take advantage of the opportunity.
One of the primary reasons why the U.S. side does not want Chinese buyers to purchase Westinghouse Electric is the fear of leaking nuclear technology secrets for military or civil use. The United States will almost certainly prevent Chinese entities from publicly seeking a majority stake in Westinghouse's nuclear business. If corporate mergers and acquisitions involve sensitive technologies related to national security, the U.S. government has statutory powers to regulate them.
It is reported that Toshiba has publicly stated that because it spent 5.4 billion U.S. dollars in 2006 to buy Westinghouse, the cost overrun, and the nuclear power business will account for 6.3 billion U.S. dollars. Previously, Toshiba provided approximately 700 billion yen in debt guarantees to Westinghouse Electric. It is estimated that the application for bankruptcy law would result in an additional loss of approximately 300 billion yen. The total loss may be as large as 1 trillion yen, approximately RMB 62.0 billion.
A Toshiba spokesperson, Mr. Takahashi Yu, said when taking office at Mamoru Hatazawa, Toshiba will remove Westinghouse Electric from the consolidated settlement target and withdraw from the overseas nuclear power business to revive its financial foundation.
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