Japan Post Holdings to sell down stake in bank to under 65% in $9b deal

Japan Post Holdings to sell down stake in bank to under 65% in $9b deal

FILE PHOTO: A Japan Post mailbox is seen in Osaka October 27, 2017. REUTERS/Thomas White

Japan Post Holdings will sell down its stake in Japan Post Bank to under 65% from the current 89%, it said on Monday, in a deal that could be worth about 1.26 trillion yen ($9.25 billion).