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SoftBank Group’s sale of 5per cent telco unit stake to raise US$2.9 billion

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Business

SoftBank Group Corp said on Friday its planned sale of 5per cent in its domestic telco SoftBank Corp would fetch 310.2 billion yen (2.4 billion pounds), as part of a programme to raise US$41 billion through asset sales.

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

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TOKYO: SoftBank Group Corp said on Friday its planned sale of 5per cent in its domestic telco SoftBank Corp would fetch 310.2 billion yen (2.4 billion pounds), as part of a programme to raise US$41 billion through asset sales.

The Japanese company announced a day before that it would sell 240 million shareRead More – Source