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Toshiba in turmoil

Toshiba to sell US LNG business to China's ENN Energy

Electronics maker could take nearly $880m bath as it starts new restructuring

Toshiba has found a buyer for its LNG terminal in the U.S. state of Texas.

TOKYO -- Toshiba will sell its U.S. liquefied natural gas business to Chinese gas producer ENN Ecological Holdings by the end of this fiscal year, the Japanese conglomerate announced on Thursday. Toshiba is expected to incur a loss of nearly 100 billion yen ($880 million) on the deal.

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