je.st
news
Softbank Group to raise cash by selling shares in mobile unit, bringing stake down to 40%
2020-08-28 17:06:00| Telecompaper Headlines
(Telecompaper) As of 3 August, Softbank Group said it has sold or monetised JPY 4.3 trillion (almost USD 41 billion) worth of assets, as part of a programme announced in March to buy back shares and reduce debt for a total of JPY 4.5 trillion (almost USD 43 billion). Softbank Group said it will offer part of its holding in Softbank (mobile), for a total of 927.5 million shares. There will also be a greenshoe of 100.5 million more shares. The offer price will be determined on the pricing day.� [ more ]
Tags: to
group
mobile
unit
Category:Telecommunications