Japan to raise US$10 bil. in tobacco firm's share sale

The Ministry of Finance, which owns just over 50 percent of the US$62 billion former state monopoly, is selling 333 million shares, according to a regulatory filing on Monday, with the deal to be priced between March 11-13.

The offering, the largest such deal since the U.S. Treasury's US$20.7 billion sale of American International Group Inc shares in September, comes as Japanese equities scale their highest levels in more than four years.

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