• Kyodo

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Japan Post Holdings Co. said Monday it called off a plan to acquire Nomura Real Estate Holdings Inc. after the two companies apparently failed to agree a purchase price and other terms.

The postal group said May 12 that it is “considering various possibilities on forming new capital and business alliances”, following reports that it was looking to buy a stake in Nomura Real Estate to both strengthen its real estate business and compensate for its sluggish mainstay mail operation.

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