Nintendo plans $1.9 billion share sale by Japanese banks
Nintendo plans a $1.9 billion share sale by Japanese banks to unwind cross-shareholdings. The Kyoto-based company also intends to launch a share buyback.
Xurve View
Insights:
Xurve View
Nintendo Co., Ltd. is preparing for a significant unwinding of strategic shareholdings that is expected to result in the sale of approximately 300 billion yen ($1.9 billion) of its stock. According to sources familiar with the matter, the divestment will involve major financial institutions, including Mitsubishi UFJ Financial Group, Inc. and Kyoto Financial Group,Inc..
