logo
* 搜尋
* 核能資訊中心
* 中心簡介
* 日本福島核災專區
* 相關資訊
國際核能現況 : Toshiba agrees sale of Westinghouse claims
發表人 nicenter 於 2018/1/19 14:45:13 (88 人讀取)

Toshiba Corporation is to sell its claims against Westinghouse Electric Company and Brookfield - which is buying the Westinghouse-related shares that it holds - to Nucleus Acquisition. The Japanese company said it has entered into an assignment and purchase agreement with Nucleus and a share purchase agreement with Brookfield.




Westinghouse filed for Chapter 11 bankruptcy protection with US courts in March 2017 to enable it to undergo strategic restructuring. The company's bankruptcy filing affected only its US operations, including projects to construct a total of four AP1000 reactors at two projects, Vogtle in Georgia, and VC Summer in South Carolina.


Toshiba, Westinghouse's parent company, completed the early payment of its guarantee obligation to the owners of the Vogtle and Summer projects on 14 December and 12 January, respectively. With the payments, Toshiba obtained the right to pursue claims against Westinghouse for the amount paid for the parent guarantee obligation for the projects.


Toshiba earlier said it planned to "reduce its internal resources that it must allocate to Westinghouse's rehabilitation proceedings" by selling the claims to a third party. It hoped to sell the claims - together with assets that include debts Toshiba holds against Westinghouse and other Westinghouse-related companies that filed for Chapter 11 bankruptcy protection - by the end of March 2018.


Proposals to acquire those claims were received from multiple potential buyer groups, Toshiba said. Following extensive consideration, a joint proposal from Nucleus Acquisition - a consortium controlled by the Baupost Group - and Brookfield was identified as the preferred bid.


Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.


Toshiba said the amount proposed by Nucleus was "fair and reasonable" and was "in the best interests for Toshiba in respect of the high degree of closing certainty, and the contribution it would bring to the Westinghouse reorganisation, among other factors". It expects to close the claims sale by the end of this month.


Westinghouse-related assets



On 4 January, it was announced that Brookfield Business Partners, together with institutional partners - collectively known as Brookfield - had agreed to acquire 100% of Westinghouse from Toshiba for about $4.6 billion.


Toshiba said today it has now signed a share purchase agreement under which it will sell to Brookfield all shares it holds in Westinghouse-related assets - Toshiba Nuclear Energy Holdings (US) Inc and Toshiba Nuclear Energy Holdings (UK) Limited - for $1.


The acquisition is expected to close in the third quarter of 2018, subject to bankruptcy court approval and other closing conditions including regulatory approvals.


Toshiba said it has also entered into a Plan Support Agreement with key stakeholders in Westinghouse's Chapter 11 reorganisation proceedings, including Westinghouse, the Statutory Committee of Unsecured Creditors, Brookfield and Nucleus. Under that agreement, Toshiba's equity interests will be subordinated to payment of all other Westinghouse claims in the proceedings. The stakeholders also agreed to support the reorganisation plan and the acquisition of Westinghouse by Brookfield. The reorganisation plan will be promptly submitted and is expected to be approved by the US Bankruptcy Court by the end of March.


Researched and written
by World Nuclear News



source:http://www.world-nuclear-news.org/C-Toshiba-agrees-sale-of-Westinghouse-claims-1801185.html



其他新聞
2018/7/16 10:00:56 - WANO completes reviews of Leningrad and Tianwan plants
2018/7/16 9:57:23 - Yangjiang 5 enters commercial operation
2018/7/16 9:46:00 - ‘Breakthrough’ For Bulgaria As €31M Plasma Melting Plant Begins Operations At Kozloduy Nuclear Station
2018/7/16 9:43:19 - European Court Dismisses Austria’s Objections To Hinkley Point C
2018/7/13 10:22:08 - Austrian case against Hinkley Point C aid rejected
2018/7/13 10:19:37 - UK's post-Brexit nuclear plans face scrutiny
2018/7/13 10:13:34 - 輻射監測生力軍!石門水庫、清華大學環境輻射監測站正式上線
2018/7/13 10:06:30 - 核三廠1號機預定於7月15日降載例行測試,原能會持續監控電廠運轉安全
2018/7/9 10:51:40 - Think-tanks call for states to adopt Clean Energy Standards
2018/7/9 10:49:29 - EDF maintains plant safety is a priority
2018/7/9 10:47:06 - NEI issues guidelines for regulatory interactions
2018/7/6 12:09:34 - 核二廠2號機於今(6)日降載進行例行測試,原能會持續監控電廠運轉安全(更新)
2018/7/6 12:08:15 - 核二廠2號機預定於7月7日降載例行測試,原能會持續監控電廠運轉安全
2018/7/4 10:08:53 - Boss launches Honeymoon restart strategy
2018/7/4 10:04:16 - NDA to take over management of Magnox sites
2018/7/4 9:58:23 - Japanese Cabinet approves new basic energy plan
2018/7/4 9:50:06 - 今(04)日04時10分台東縣政府北方規模4.6有感地震,各核能電廠皆正常運作,原能會持續監控電廠運轉安全
2018/7/4 9:42:18 - 核二廠1號機反應器圍阻體廠房氣體流程輻射監測器發出警戒訊號之說明
2018/7/2 10:44:58 - China's Taishan 1 reactor connected to grid
2018/7/2 10:40:05 - Bruce Power and ITM to supply cancer therapy isotope

 線上期刊目錄

 瀏覽人數
今天: 5
昨天: 158
本月: 2645
總計: 530872

30013 新竹市光復路二段101號 創新育成中心三樓309室 電話:(03)571-1808 傳真:(03)572-5461 Email: nicenter@nicenter.org.tw