The Japanese Industrial and Technology Group Toshiba confirmed this Friday that it plans to divide into three independent companies after two years, after the recurring pressure to which it has been subjected by its shareholders to maximize its value.
Two new companies will be created that will be listed on the stock market, one that will regroup the activities of Toshiba in the energy and infrastructure sectors, and the other that will concentrate electronic devices and data storage.
The third firm will manage other group assets, according to a statement.
The plan will take two years, he added. Toshiba.
The decision, advanced by the business newspaper Nikkei days ago, it came to the end of a period of turbulence at the firm, which was once a symbol of technological advancement and Japanese economic might.
Its shareholders voted in June to remove the chairman of the board after several scandals and losses.
The move came after an independent investigation that revealed that Toshiba tried to prevent shareholders from exercising their voice and voting rights.
Reference-www.eleconomista.com.mx