TOKYO: Japan’s government plans to privatise Kyushu Railway Co through a share sale that may fetch about 500 billion yen (US$5bil) in what would be the nation’s biggest initial public offering (IPO) this year, according to people with direct knowledge of the matter.
The Japan Railway Construction, Transport and Technology Agency, which holds shares of the company, also known as JR Kyushu, plans to sell its entire stake, the people said, asking not to be identified as the information is private.
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