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Japan Post to Take 8% Stake in Rakuten, Sending Shares Higher

Rakuten to Raise $2.2 Billion as Japan Post, Tencent Invest Bloomberg 3/12/2021 Pavel Alpeyev © Bloomberg The Rakuten Inc. logo is displayed behind a counter inside the company s cafe in Tokyo, Japan, on Monday, Jan. 28, 2019. Rakuten s chief executive officer Hiroshi Mikitani says the company is aiming to lower prices in Japan s wireless market. (Bloomberg) Rakuten Inc. plans to raise 242 billion yen ($2.2 billion) by selling shares to investors including Tencent Holdings Ltd., Walmart Inc. and Japan Post Holdings Co., bankrolling expansions into AI, finance and mobile. Japan Post will buy a stake of 8.32% via new and existing shares in Rakuten while China’s social media leader and the U.S. retail giant will take smaller slices, a filing showed Friday. Shares of Rakuten and Japan Post surged as the agreement builds on an existing alliance on logistics forged by the two last year.

Hiroshi mikitaniBloomberg japan post holdings coRakuten incBloomberg the rakutenPost holdingsJapan postப்ளூம்பெர்க் ஜப்பான் போஸ்ட் ஹோல்டிங்ஸ் இணைரகுடென் இன்க்ப்ளூம்பெர்க் தி ரகுடென்போஸ்ட் ஹோல்டிங்ஸ்ஜப்பான் போஸ்ட்

Japan Post Insurer Plans $2 9 Billion Buyback From Parent

Japan Post Insurer Plans $2.9 Billion Buyback From Parent Bloomberg 12/17/2020 Taro Fuse and Taiga Uranaka © Bloomberg Signage for Japan Post Group is displayed in Tokyo, Japan, on Thursday, Jan. 9, 2020. Japan Post Holdings Co.’s new chief executive officer Hiroya Masuda vowed to restore the group’s reputation and said it’s too soon to think about growing the business after an insurance scandal brought down his predecessor. (Bloomberg) Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter.

Hiroya masudaJapan post holdingsJapan post insurance coBloomberg japan post holdings coJapan post holdings coBloomberg signage for japan post groupJapan post bank coSignage for japan post groupJapan post groupPost holdingsBloomberg signagePost insuranceBloomberg newsJapan post bankஜப்பான் போஸ்ட் ஹோல்டிங்ஸ்ஜப்பான் போஸ்ட் காப்பீடு இணை

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