Shares in Japan Submit Financial institution fell 4% after Reuters broke the information that Japan Submit Holdings is planning to scale back its stake within the financial institution under 50%, which may complete some 600 billion yen ($4.02 billion) two sources acquainted with the matter mentioned, within the newest loosening of ties between the companies.
The postal big, whose shareholders embrace the Japanese authorities, plans to scale back its stake under 50%, mentioned the 2 sources and a 3rd particular person acquainted with the plan.
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