TOKYO -- Toshiba is set to sell Toshiba Carrier, a 60% owned air-conditioning subsidiary to its U.S. counterpart, Carrier Global Corporation, for around 100 billion yen ($869 million), Nikkei has learned.
The two companies have reached an agreement and are proceeding with final adjustments. The move comes as Toshiba aims to eliminate non-core business and looks to focus on more profitable businesses.
