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Oct 7, 2015

Japan Post sets near-$12 bln IPO price ranges as ‘must-have’ listings near

TOKYO, Oct 7 (Reuters) – Japan Post Holdings Co on
Wednesday set an indicative price range of 1,100-1,400 yen per
share in an initial public offering, one of a trio of listings
by the state-owned post office that make up a privatisation
worth close to $12 billion in total, Japan’s biggest in three
decades.

The Japan Post holding company and two financial units – an
insurer and a bank – plan to raise as much as a combined 1.4
trillion yen ($11.6 billion), with shares set for a Nov. 4
trading debut. Around 10 percent of each firm’s shares are on
offer, with more tranches to be sold in future.

Oct 7, 2015

Japan Post sets near-$12 bln IPO price ranges as ‘must-have’ listings near

TOKYO, Oct 7 (Reuters) – Japan Post Holdings Co on
Wednesday set an indicative price range of 1,100-1,400 yen per
share in an initial public offering, one of a trio of listings
by the state-owned post office that make up a privatisation
worth close to $12 billion in total, Japan’s biggest in three
decades.

The Japan Post holding company and two financial units – an
insurer and a bank – plan to raise as much as a combined 1.4
trillion yen ($11.6 billion), with shares set for a Nov. 4
trading debut. Around 10 percent of each firm’s shares are on
offer, with more tranches to be sold in future.

Oct 2, 2015

Japan’s SMBC to buy 35 pct stakes in Indonesia auto finance units for $333 mln

TOKYO, Oct 2 (Reuters) – Japan’s Sumitomo Mitsui Banking
Corp (SMBC) is buying 35 percent stakes in two Indonesian
vehicle financing firms for about 40 billion yen ($333 million),
sources with direct knowledge of the matter said, betting on
rising incomes in the Southeast Asian nation boosting vehicle
ownership.

SMBC is buying a 35.1 percent stake each in PT Oto
Multiartha and PT Summit Oto Finance, auto and motorbike finance
companies owned wholly by Japanese trading house Sumitomo Corp
, the sources told Reuters on Friday. The sources
declined to be identified before an official announcement.

Sep 30, 2015

Japan’s Mizuho, Dai-ichi Life to combine asset management operations

TOKYO, Sept 30 (Reuters) – Mizuho Financial Group Inc
and Dai-ichi Life Insurance Co, Japan’s
second-largest lender and life insurer by assets, respectively,
are combining their money management operations to bulk up what
is seen as a very promising business.

With most of its household wealth sitting in low-yielding
bank deposits, Japan holds big potential for asset managers.
Prime Minister Shinzo Abe has been encouraging money to shift
into stocks and other investments to give a boost to the
nation’s economy.

Sep 25, 2015

Japan Post chief says IPO pricing will seek to avoid NTT debacle

TOKYO, Sept 25 (Reuters) – Japan Post Holdings will
take measures to boost the price of its shares and those of its
two units after their planned initial public offerings in
November to avoid a repeat of what happened after NTT’s IPO
three decades ago, its president said.

Earlier this month, state-owned Japan Post Holdings, Japan
Post Bank and Japan Post Insurance won
approval from the Tokyo Stock Exchange for listings on Nov. 4.
The unprecedented triple IPOs seek to raise a combined $11.5
billion, crucial offerings which the government hopes will win
over retail investors.

Sep 11, 2015

Japan bank MUFG looking for US, Asia M&A targets – president

TOKYO, Sept 12 (Reuters) – Japan’s biggest bank, Mitsubishi
UFJ Financial Group (MUFG), wants to buy more U.S.
commercial lenders and asset management firms, a top official
said, citing the two segments as areas where the Tokyo-based
bank still lacks scale.

“In the United States, our commercial bank is ranked around
13th. We need inorganic growth there,” said Nobuyuki Hirano,
president of Japan’s largest lender by assets, referring to
acquisition opportunities in a recent interview in Tokyo.

Sep 11, 2015

Nippon Life says to buy Mitsui Life in deal seen worth $2.5 bln

TOKYO, Sept 11 (Reuters) – Japan’s largest private life
insurer Nippon Life Insurance Co said on Friday it
would buy smaller rival Mitsui Life Insurance Co in the first
major deal involving local life insurers in just over a decade.

The insurers said they have not agreed on the final price of
the deal, but people with knowledge of the matter said Nippon
Life would likely pay around 300 billion yen ($2.5 billion) for
an 85 percent stake in Mitsui Life.

Sep 10, 2015

Triple listings for Japan Post behemoths seek to raise $11.5 billion

TOKYO (Reuters) – The listings of Japan Post Holdings Co [IPO-JAPP.T] and its bank and insurance units will seek to raise a combined $11.5 billion – critical offerings the government hopes will win over retail investors and boost the stock market.

The triple IPOs represent Japan’s biggest privatisation in nearly three decades and will bring to market its largest bank, which is also one of the world’s biggest institutional investors, as well as the nation’s largest insurance company by asset size.

Sep 10, 2015

Listings for Japan Post behemoths seek to raise $11.7 billion: source

TOKYO (Reuters) – The listings of Japan Post Holdings Co and its bank and insurance units will seek to raise a combined $11.7 billion, a person with knowledge of the deal said – critical offerings the government hopes will win over retail investors and boost the stock market.

The triple IPOs represent Japan’s biggest privatization in nearly three decades and will bring to market its largest bank, which is also one of the world’s biggest institutional investors, as well as the nation’s largest insurance company.

Sep 10, 2015

Japan Post triple IPOs will aim to raise combined $11.7 bln -source

TOKYO, Sept 10 (Reuters) – The listings of Japan Post
Holdings Co and its huge bank and insurance units
will seek to raise a combined 1.4 trillion yen ($11.7 billion),
with each company offering about 10 percent of their outstanding
shares, a source with direct knowledge of the deal said.

The triple IPOs together represent the country’s biggest
privatisation since the 2.4 trillion yen ($20 billion) listing
of Nippon Telegraph and Telephone Corp (NTT) in 1987.