TOKYO (Reuters) - Japan Post Holdings Co on Monday priced a share sale of its insurance business at the bottom of an expected range, a filing showed, raising $2.9 billion in the sale.
Japan Post sold 136.7 million share at 2,375 apiece, the insurance company said in a filing, representing a 4 percent discount from Monday's closing price of 2,474 yen.
privatisation in almost 30 years.
04/15 JAPAN POST : sells $2.9 billion shares in insurance unit at bottom of range - fi..