Friday, September 16, 2011

Japanese govt may reduce stake in Japan Tobacco


(Reuters) The Japanese government will pursue legislation that will let it sell part of its stake in Japan Tobacco Inc to raise about 500 billion yen ($6.50 billion) for post-earthquake reconstruction efforts, The Nikkei business daily reported.
The sale will cut the government's mandated minimum stake in the company to more than a third. Continued

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