GLOBAL MARKETS: Mercedes-Benz to offer electric option
While Japan is to sell $12bn of Japan Post Holdings
Daimler CEO Dieter Zetsche has said Mercedes-Benz will offer electric versions of all its models by 2022, converting its Smart car brand to become fully electric. Speaking at the company’s investor day in Sindelfingen, Germany, Zetsche said Daimler will offer at least 50 electrified versions of Mercedes-Benz passenger cars in hybrid and fully electric variants.
Japan to sell $12bn of Japan Post Holdings
Japan’s government has said it will sell US$12bn of Japan Post Holdings stock. Fund managers gave the announcement a tepid reception, saying limited growth prospects are likely to dull demand from institutional investors.
The sale will be the first since the 2015 initial public offering of the postal firm and its two units, Japan Post Bank and Japan Post Insurance. That sale also raised $12bn, which was earmarked for reconstruction of areas devastated by an earthquake and tsunami in 2011.