Japan Post to sell nearly a third of insurance unit for $3.7b

Japan Post to sell nearly a third of insurance unit for $3.7b

Tamagawa Dori, Tokyo, Japan. Photo: Thomas Schmitz/unsplash

Japan Post Holdings is selling nearly a third of its stake in financial unit Japan Post Insurance in an offering that could fetch around $3.7 billion, as a step aimed at advancing the privatisation of the Japan Post group.

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