Sullivan & Cromwell and Simpson Thacher & Bartlett have the lead roles on the expected $11.5 billion triple listing of Japan Post Co. Ltd. and its banking and insurance divisions.
The state-owned postal service is selling about 10 percent of the outstanding shares in each company, which includes Japan Post, Japan Post Bank and Japan Post Insurance, according to Reuters. The listings are expected to raise $5.5 billion, $4.8 billion and $1.2 billion, respectively, when shares begin trading on Nov. 4.
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