Deals
Japan Post Plans Sale of $4 Billion Stake in Bank Unit
The Japanese postal mark displayed on a Japan Post Co. post box in Tokyo, Japan, on Monday, Aug. 7, 2023.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Japan Post Holdings Co. plans to sell shares in Japan Post Bank Co. in a transaction that may total ¥600 billion ($4 billion) and reduce its stake below 50%, according to a person familiar with the matter, who asked not to be named because the talks are private.
A sale could be decided as soon as this week, Reuters reported earlier, citing unidentified sources. Japan Post Bank is also planning to launch a share buyback, according to the report.