(Reuters) - Japanese industrial conglomerate Toshiba Corp (T:6502) said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd <000333.SZ>, Nikkei reported on Monday.
The deal is expected to fetch tens of billions of yen, the Japanese business daily reported.
Toshiba said in a statement the company was negotiating with other companies about restructuring its white goods business, but nothing had been decided.
Toshiba granted Canon Inc (T:7751) exclusive negotiating rights for its medical equipment unit, earlier this month, after a hotly contested auction, with a report putting Canon's offer at more than $6 billion.