A government sale of Japan Post Holdings Co. stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up sufficient, albeit subdued, demand. The stock priced at …
Japan’s government plans to sell shares in Japan Post Holdings Co. as soon as this month, the first sale since the company’s massive 2015 listing, a government source familiar with the deal said on Friday. The finance ministry will meet …
Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based AIA Group, according to people familiar …
Japan Post Holdings and its two financial units burst out of the gate with gains of 16 to 33 percent on debut on Wednesday, after the government raised $12 billion from the triple IPO in Japan’s biggest privatization since 1987. …
State-owned Japan Post on Wednesday set indicative price ranges for a trio of initial public offerings in what it hopes to make a ‘must-have’, $12 billion privatization, Japan’s biggest in three decades. In IPOs set for Nov. 4 squarely targeted …
Tokio Marine said on Wednesday it will buy U.S. insurer Delphi Financial Group for $2.7 billion, the latest in a string of deals by Japan’s second-largest property-casualty insurer aimed at growing outside its mature home market. Tokio Marine said it …
A government panel reviewing Tokyo Electric Power Co.’s restructuring efforts said the troubled utility will need to raise as much as 8.6 trillion yen ($112 billion) in funds without raising charges or restarting nuclear reactors. In a report made public …
Japan’s trade minister said he was aiming for cabinet approval this week of a government-backed scheme to help Tokyo Electric Power pay for damages caused by the crisis at its Fukushima Daiichi nuclear plant. Earlier on Wednesday Tokyo Electric said …
Japan may cap Tokyo Electric Power’s liability to as little as $24 billion for damages stemming from its crippled nuclear plant, the Yomiuri newspaper reported, citing a draft plan being considered by the plant operator and the government. Shares of …
