Toshiba Buying 20% of Olivetti Unit
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IVREA, Italy — Ing. C. Olivetti & Co., Italy’s leading maker of data-processing equipment, has agreed to sell Toshiba Corp. of Japan a 20% stake in Olivetti Corp. of Japan.
Terms of the transaction were not disclosed. Olivetti will continue to control the remaining 80% of its Japanese unit’s equity.
Olivetti said the firms will “consider different areas of cooperation, including availability of Toshiba products for the Olivetti marketing organization in Japan and modification of Olivetti’s products to meet the specifications of the Japanese market.”
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