Japan Post Bank discloses ¥79.8 billion investment for 19.86% stake in Matsui Securities
Japan Post Bank announced on November 9 that its planned investment in Matsui Securities will total approximately ¥79.8 billion. It plans to acquire 51,489,700 shares, representing 19.86% of outstanding shares, from founding-family asset manager Maruroku on December 28, using its own funds. The acquisition price of ¥1,550 per share is 54% above Matsui Securities’ November 4 closing price, and the transaction would make the bank its largest shareholder.