LBCI

Japan Post Holdings to sell down stake in Japan Post Bank in $9 bln deal

World

27-02-2023 | 07:18

Share

Share

Japan Post Holdings to sell down stake in Japan Post Bank in $9 bln deal

2^min

Japan Post Holdings (6178.T) will sell down its stake in Japan Post Bank (7182.T) to under 65% from the current 89%, it said on Monday, in a deal that could be worth about 1.26 trillion yen ($9.25 billion).

Announcing the secondary offering, Japan Post Bank said its parent would sell about 975 million shares globally.

With an over-allotment of an additional 113.6 million shares in the domestic market, the sale could exceed 1 billion shares, which would reduce Japan Post Holdings' stake in the banking arm to 60%.

Along with separately announced share buybacks and retirement of treasury shares, Japan Post Bank said it would meet the Tokyo Stock Exchange's requirements on share liquidity and help clear the way to stay listed on the top section of the bourse.

The stake sale was first reported by Reuters last week.

Japan Post Bank said it would buy back up to 4.5% or 150 billion yen worth of its own shares and cancel them.

Under rules introduced last year, companies on the Tokyo Stock Exchange's Prime Market need to keep a tradable share ratio of 35% or more.

REUTERS

Japan

Post Holdings

Japanese

Bank

Deal

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Venezuela seeks UN Security Council meeting on US bombings: foreign ministry

2026-01-03

Venezuela seeks UN Security Council meeting on US bombings: foreign ministry

A weapons shipment, five interests: The Syria-Iraq-Hezbollah file at the heart of a Turkish-Israeli rivalry

News Bulletin Reports

2026-07-17

A weapons shipment, five interests: The Syria-Iraq-Hezbollah file at the heart of a Turkish-Israeli rivalry

Iran says oil will reach $200 a barrel, warns of 'continuous strikes'

Middle East News

2026-03-11

Iran says oil will reach $200 a barrel, warns of 'continuous strikes'

War with US, Israel to end when Iran 'certain' it cannot be repeated: FM

Middle East News

2026-03-15

War with US, Israel to end when Iran 'certain' it cannot be repeated: FM

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

Lebanon has not agreed to shortlist of countries that could verify Hezbollah's disarmament: Reuters

1

Lebanon has not agreed to shortlist of countries that could verify Hezbollah's disarmament: Reuters

Ali al-Taher hills: Between military confrontation and surrender scenario

2

Ali al-Taher hills: Between military confrontation and surrender scenario

Lebanon Cabinet approves fees on waste-generating products despite ministerial objections

3

Lebanon Cabinet approves fees on waste-generating products despite ministerial objections

A new force for Lebanon's south? The debate over who will monitor the next phase after UNIFIL

4

A new force for Lebanon's south? The debate over who will monitor the next phase after UNIFIL

Explosion rocks ammunition factory near Rome

5

Explosion rocks ammunition factory near Rome

Lebanon announces dates for 2026 vocational education exams for private candidates

6

Lebanon announces dates for 2026 vocational education exams for private candidates

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

7

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

Israel sends troops to settler siege as US ambassador slams 'act of terror'

8

Israel sends troops to settler siege as US ambassador slams 'act of terror'

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More