Japan launches $12 billion follow-up sale of Japan Post sharesStaff Writer | September 11, 2017
The Japanese government said it will sell additional shares in Japan Post Holdings worth around $12 billion.
Offer Japan Post Bank and Japan Post Insurance
Its two financial units Japan Post Bank and Japan Post Insurance have been hurt by the nation’s ultra-low interest rate environment.
The sale - the first since its postal and financial giant’s mammoth IPO in 2015 which also raised about $12 billion - also comes in the wake of M&A missteps. ■