Total reaches deal to buy Toshiba's U.S. LNG business - source

 Total reaches deal to buy Toshibas U.S. LNG business - source

PARIS (Reuters) - French energy group Total has reach a deal to buy Toshiba's U.S. liquefied natural gas business, a source familiar with the matter said on Friday.

The acquisition comes amid a drive by Total to expand its LNG portfolio, and follows the French company's proposed $8.8 billion deal to acquire Anadarko's Africa assets, which include an LNG project in Mozambique.

Toshiba is expected to book about 100 billion yen ($921 million) in losses over the sale, Nikkei reported earlier.

(Reporting by Bate Felix, Writing by Sarah White. Editing by Jane Merriman)

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Updated Date: Jun 01, 2019 00:11:56 IST