SoftBank to sell $3.1 billion worth of Japan telco unit stake
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TOKYO (Reuters) - SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp , currently worth $3.1 billion, as part of a programme to raise $41 billion through asset sales. The sale of 240 million shares for a yet to be determined price and set to close on May 26 will leave SoftBank Group with a 62.1% stake in Japan's third-largest wireless carrier.SoftBank Corp's shares closed down 0.8% on Friday ahead of the announcement at 1,375 yen, giving a 5% stake a market..