Govt Studying Timing for Additional Japan Post Share Sale

   Tokyo, Aug. 18 (Jiji Press)--The Japanese government is trying to find the right timing for its planned additional sale of shares in Japan Post Holdings Co. <6178>, which went public about two years ago.
   The government was earlier expected to unload part of its holdings in July, but is believed to have given up this because of the stagnant price of Japan Post Holdings stock, informed sources said.
   It now hopes to sell a portion in the autumn at the earliest. The Finance Ministry has already picked a securities firm to lead manage the expected sale.
   But the government may have to wait until next year if the stock price remains weak, the sources said.
   The government now owns 80 pct of Japan Post Holdings, after it sold a 20 pct stake when the company listed its stock on the first section of the Tokyo Stock Exchange in November 2015.

(2017/08/20-09:00)

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