Feb 27 (Reuters) - 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).
Announcing the secondary offering, Japan Post Bank said its
parent would sell about 975 million shares globally, with an
over-allotment option of an additional 113.6 million shares in
the domestic market and a greenshoe option of 28.4 million
shares overseas.
The plan was first reported by Reuters last week.
($1 = 136.2800 yen)
(Reporting by Eimi Yamamitsu
Editing by Chang-Ran Kim)
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