Japan Post to announce trillion-yen share sale

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.