Kazakh Uranium Firm Says Won't be Affected by Westinghouse Bankruptcy

The bankruptcy of Toshiba Corp's U.S. unit Westinghouse Electric Co will have no negative impact on the finances of its minority shareholder Kazatomprom, the Kazakh uranium miner said on Wednesday. Kazatomprom said in a statement that it held a put option that would allow the firm to sell its entire 10 percent stake in Westinghouse back to Toshiba at the price of the original purchase, Reuters reported. Kazatomprom, which paid $540 million for the stake in 2007, did not explicitly say whether it would execute the option. Read more.