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Monday, December 22, 2014

Japan Post Holdings, units plan to list in Tokyo in Sept - Nikkei, (NYSE: POST)

The Japanese government plans to list Japan Post Holdings Co Ltd (IPO-JAPP.T) and its banking and insurance units on the Tokyo Stock Exchange in September next year, the Nikkei reported. The company is expected to announce the initial public offering plans this month and it will submit a preliminary application to the exchange in March, the business daily said.The company owns Japan Post Bank, Japan Post Insurance and a postal service unit Japan Post.About 10 percent of each unit's outstanding shares will be offered in the IPO, the Nikkei said.Japan Post Holdings' net assets are estimated at about 14 trillion yen ($116.73 billion).

Post Holdings, Inc. (Post) is a consumer packaged goods holding company operating in the center-of-the-store, refrigerated, active nutrition and private label food categories. Shares of POST traded higher by 0.95% or $0.394/share to $42.00. In the past year, the shares have traded as low as $30.94 and as high as $60.63. On average, 819719 shares of POST exchange hands on a given day and today's volume is recorded at 254779.