Japan Post considers nearly $9b stake sale in banking business

Japan Post considers nearly $9b stake sale in banking business

A man holding an umbrella is reflected in the logo of Japan Post Group at its headquarters in Tokyo February 18, 2015. REUTERS/Yuya Shino

Japan Post Holdings Co is considering cutting its stake in its Japan Post Bank Co business by around a third by the end of next month, in a share sale potentially worth nearly $9 billion, people familiar with the matter said.

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