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Japan to sell $12 billion of Japan Post Holdings, growth potential under scrutiny

Reuters  |  TOKYO 

By Taiga Uranaka and Chris GallagherTOKYO (Reuters) - Japan's government on Monday said it will sell $12 billion worth of Japan Post Holdings Co Ltd stock in an announcement that fund managers gave a tepid reception, saying limited growth prospects is likely to dull demand from institutional investors.The sale will be the first since the 2015 initial public offering (IPO) of the postal firm and its two units, Japan Post Bank Co Ltd and Japan Post Insurance Co Ltd. That sale also raised $12 billion, earmarked for reconstruction of areas devastated by an earthquake and tsunami in 2011."The ...

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First Published: Mon, September 11 2017. 17:24 IST