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Japan Post to announce trillion-yen share sale

Published Tue, Sep 5, 2017 · 09:50 PM
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Tokyo

JAPAN Post Holdings Co will announce plans for a share sale by the government as early as Sept 11, almost two years after the postal and financial-services giant was listed, sources said.

The Ministry of Finance plans to offer about one trillion yen to 1.4 trillion yen (S$12.3 billion to $17.3 billion) of Japan Post Holdings shares to local and overseas investors by the end of September, the people said, asking not to be identified before the announcement.

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