BlackRock owns 5% of Toshiba, likely becoming top shareholder

Friday, 20 January 2017 00:35 - - {{hitsCtrl.values.hits}}

Reuters: BlackRock Inc has a stake in Toshiba Corp of 5.01%, according to a Japanese government filing, likely becoming the struggling firm’s top shareholder.

According the filing, BlackRock had bought the stake for investment purposes.

JP Morgan Chase owned 4.14% of Toshiba shares as of 30 September, its biggest shareholder at the time, according to an earlier Toshiba filing.

Toshiba’s financial crisis deepened on Thursday as media reported it may unveil a bigger-than-expected $ 6 billion writedown for its US nuclear business, sending its shares sliding.