Nintendo plans around $1.9 billion share sale by Kyoto bank and others, sources say: Reuters

Nintendo

plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the “Super Mario” maker, according to three sources familiar with the situation.

The sale is expected to total roughly 300 billion yen ($1.9 billion) and Nintendo could make a decision as soon as Friday, two of the sources said. The Kyoto-based gaming company also plans a buyback, the sources said.

Reuters is reporting Nintendo’s plan for the first time.

Nintendo did not respond to a request for comment. The sources declined to be identified as the information is not public.