Toshiba unveiled plans to spin-off a listed energy-focused company “to play a leading role in the transition to renewables” as part of a split-up proposal by the giant Japanese conglomerate that echoes a similar move announced by General Electric earlier this week.
The Japanese group told investors it proposes to separate into three companies – two new publicly-listed firms focused on infrastructure and electronics respectively, and a residual Toshiba based around other assets.
