TOKYO, March 24 Japan's Toshiba Corp
has informed its main lenders it is planning for its U.S.
nuclear unit Westinghouse Electric Co LLC to file for bankruptcy
on March 31, people briefed on the matter said on Friday.
Toshiba expects a Chapter 11 filing for Westinghouse would
expand charges related to the U.S. unit in the current financial
year to around 1 trillion yen ($9 billion) from publicly flagged
estimates of 712.5 billion yen, the sources told Reuters.
The sources declined to be identified as they were not
authorised to speak to media on the matter.
Toshiba said on Friday it was not appropriate to comment
"Whether or not Westinghouse files for Chapter 11 is
ultimately a decision for its board, and must take into account
the various interests of all of its stakeholders, including
Toshiba and its creditors," it said in a statement.
Toshiba is seeking to limit future losses at Westinghouse
with a Chapter 11 filing. Westinghouse has been plagued by huge
cost overruns at two U.S. nuclear projects.
($1 = 111.2700 yen)
(Reporting by Taro Fuse; Writing by Makiko Yamazaki; Editing by