Japan Post $11 bln triple IPO expected on Nov 4

August 14, 2015 4:03 AM

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TOKYO Aug 14 Japan Post Holdings Co (IPO-JAPP.T) is expected to list shares in its holding company and bank and insurance units on Nov. 4, several people close to the deal said on Friday, in Japan's biggest sale of state-owned enterprises in nearly three decades.

The government aims to sell at least 1.3 trillion yen ($11 billion) worth of shares, the sources said, in the first tranche of a three-part sale aiming to raise around 4 trillion yen in coming years to fund reconstruction from the 2011 earthquake and tsunami disaster.

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