Hitachi plans to sell its majority stake in Hitachi Chemical and the process could start as early as this month.
Hitachi has been reorganising its structure in recent years, selling non-core assets while investing in energy and other businesses.
Japan Post sold 136.7 million share at 2,375 apiece, the insurance company said in a filing, representing a 4 per cent discount from Monday's closin
IPOs & Markets
Depending on market conditions, the timing could be further pushed as far back as summer 2020.
The PE firm will reportedly pay around $1 billion for Ayumi, including debt.
It would also mark a swift exit by Bain - the firm had previously flagged it was looking for an IPO within three years.
Baring will own 80.27 per cent of the company after the transaction completes.
Alps, which already owns 40 percent in the car navigation systems maker, had made an offer to buy the Alpine shares it does not already own last year.
Matsuyama is expected to cultivate deals related to the divesture of assets by large Japanese firms.
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