TOKYO: Initial public offering (IPO) plans for state-owned Japan Post Holdings Co, one of the world’s biggest financial institutions, will include separate listings of its bank and insurance units, sources familiar with the matter said.
Japan’s government has been working on the IPO to raise as much as 4 trillion yen (US$33bil) in several tranches for areas devastated by the 2011 earthquake and tsunami but the structure of the listing has so far been unclear.
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