Japan markets 2% stake in Honda Motor

23 Feb 2007

Nomura set out on Tuesday to sell $1.46bn of shares in Honda Motor, the world's second largest car maker by market value, for the government's Banks' Shareholdings Purchase Corp.

This is the first of what will be a stream of government monetisations of blue chip stocks this year. The BSPC accumulated stakes in many companies from troubled financial institutions during Japan's crisis years in the 1990s.

Honda Motor is working with the government on the sale of 37.55m ...

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