Turkey’s Vestel says in talks to buy Toshiba TV ops

Istanbul: Turkey’s electronics manufacturer Vestel said Monday it is in talks to buy the television unit of Japan’s Toshiba but declined to predict at this point whether a deal will actually be reached. “At this stage, it remains unclear if talks will be finalised,” the Turkish company said in a statement to the Istanbul Stock Exchange. Vestel already has a licensing deal with Toshiba to produce televisions in Europe under the Japanese company’s brand. Vestel accounts for 90 per cent of the total TV exports and 30 per cent of the white goods exports in Turkey, according to its website.