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Japan Post likely to call off Nomura Real Estate purchase

Postal group's net loss spurs caution toward acquisitions

Japan Post Holdings will likely be scrapping plans to buy Nomura Real Estate Holdings.

TOKYO -- Japan Post Holdings is expected to scrap talks for the acquisition of Nomura Real Estate Holdings as the two companies struggle to agree on terms.

The talks initially were reported in May, but the postal group recently stopped appraising Nomura Real Estate's assets.

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