--Japan Post Holdings plans to sell shares in subsidiary Japan Post Bank that could be worth some 600 billion yen, equivalent to $4.03 billion, Reuters reported Wednesday, citing unnamed sources.
--Japan Post Holdings plans to lower its stake in its banking business to below 50%, the Reuters report said.
--Japan Post Holdings and Japan Post Bank said they were considering various options from a capital policy perspective, but said that no decisions had been made, Reuters said.
Full story: https://www.reuters.com/markets/asia/japan-post-planning-4-billion-sale-shares-japan-post-bank-sources-say-2025-02-26/
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
February 26, 2025 00:09 ET (05:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.