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Japan Govt To Sell Japan Tobacco Inc Stake For $7.8 Billion-DJ

Monday, 11 Mar 2013 06:24am EDT 

Dow Jones reported that the Japanese government will sell a portion of its stake in Japan Tobacco Inc for JPY747 billion ($7.8 billion) to the public, in a belated but much needed share offering to fund reconstruction after the March 2011 disasters. The planned sale of Japan Tobacco, scheduled to take place Friday, is considered a litmus test to gauge the appetite of investors ranging from individuals to foreigners for Japanese stocks at a time when the nation's long-suffering stock market is staging one of the strongest rallies in its recent history. The government will sell JT shares for JPY2,949 per share. 

Company Quote

-17.0 -0.47%
29 Aug 2014