Japan Post to Cut Stake in Banking Unit to 50 Pct or Less
Tokyo, Feb. 26 (Jiji Press)--Japan Post Holdings Co. plans to reduce its stake in Japan Post Bank to 50 pct or less soon from the current 61.5 pct, people familiar with the matter said Wednesday.
The stake sale, estimated to be valued at about 600 billion yen, based on the current stock price, is designed to make the bank's operations more flexible.
(2025/02/26-20:21)
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