Japan eyes up to US$87b from Japan Post listing

Japan Post Holdings Co, which runs the country’s biggest savings institution, has drafted a plan to go public in 2015 and enable the government to raise up to 7 trillion yen (US$87 billion) to fund reconstruction from last year’s quake and nuclear disaster, the Nikkei newspaper said on Friday.

State-owned Japan Post, which also operates the postal service and oversees a large insurance arm, would become a listed holding company under the plan, with the government selling down a two-thirds stake in stages, the Nikkei added.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1070224/japan-eyes-us87b-japan-post-listing