January 30, 2018 / 7:26 AM / 22 days ago

BRIEF-Japan Post Insurance to set up JV, Japan Post Investment with JAPAN POST BANK

Jan 30 (Reuters) - Japan Post Insurance Co Ltd

* Says JAPAN POST BANK Co Ltd and JAPAN POST INSURANCE Co Ltd announce that the two companies decided to establish a JV, Japan Post Investment Corporation, on Feb. 9, to carry out private equity fund management

* Stated capital and capital reserves will be 1.5 billion yen

* JAPAN POST BANK and JAPAN POST INSURANCE will hold 50 percent and 25 percent voting rights in the JV respectively

Source text in Japanese:goo.gl/t9Qa2e

Further company coverage: (Beijing Headline News)

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