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Major Japanese insurers, including Tokio Marine, Sompo, and MS&AD, along with other financial firms, plan to sell approximately $3.3 billion worth of shares in Honda Motor Co., according to regulatory filings. The sale, which totals up to 535 billion yen and involves a secondary offering of up to 300 million shares, is part of an effort to unwind cross-shareholdings. Honda is set to soon give insurers the formal go-ahead on the share sale.
Japanese insurers, banks to sell Honda shares worth $3.3 bln, filing shows https://t.co/XvnvNeLtKo https://t.co/O8fmL7REWu
Japanese insurers, banks to sell Honda shares worth $3.3 billion, filing shows https://t.co/Rk1t8zmocd
🔵 JAPANESE INSURERS, BANKS TO SELL HONDA SHARES WORTH $3.3 BILLION, FILING SHOWS Japanese financial groups including Tokio Marine, Sompo and two MS(and)AD units will sell Honda Motor shares worth 535 billion yen ($3.3 billion) to unwind cross-shareholdings, a regulatory filing… https://t.co/F0kHOJhMNY
