May 21, 2020 / 7:18 AM / 6 days ago

Softbank says it will sell 5% of domestic telco

TOKYO, May 21 (Reuters) - SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp as part of its plan to raise $41 billion through asset sales.

The sale of 240 million shares will leave SoftBank Group with a 62.1% stake in Japan's third largest wireless carrier. (Reporting by Sam Nussey; Editing by Toby Chopra)

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