Reported about 8 hours ago
Japan Post Holdings plans to divest a stake in Japan Post Bank Co. that may generate ¥630 billion ($4.2 billion), furthering its privatization efforts. The company will offer up to 416.1 million shares at a discount, potentially reducing its ownership in the banking unit to below 50%. This move follows a decade of restructuring after the former state-run entity was split into three companies.
Source: YAHOO