Tokyo to sell 27% of Japan Post Holdings

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The Japanese government is looking to sell up to 1.03 billion shares in Japan Post Holdings, valued at around ¥952 billion (SG$11.63 billion).

The sale represents up to 27% of the conglomerate, which provides postal, logistics and financial (insurance and banking) services, and will lower the government’s ownership to one-third, the minimum level required by law. The proceeds will be used for reconstruction efforts in areas affected by the 2011 earthquake and tsunami, Reuters reported.

This will be the third time the government sells shares in Japan Post Holdings. In the previous divestments, the government raised ¥3.05 trillion. The final

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UAE, France sign reinsurance agreement

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Present at the signing ceremony were Massimo Falcioni, CEO of ECI; François Lefebvre, general manager of Bpifrance Assurance Export; and  Pedro Novo, executive director in charge of export at Bpifrance.

Both ECAs will explore opportunities in insurance, reinsurance and co-insurance services for export of goods to third-party countries. They will also work together to identify companies that could benefit from the agreement and promote the agreement amongst existing and potential customers.

“The UAE and France have always shared exceptional trade relations, and, over the past years, these bilateral ties have witnessed a significant leap,” Falcioni said. “The new agreement comes

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In One Montana Town, Mask Guidelines Range By The Enterprise.

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