Japan Post to buy Nomura Real Estate?
TOKYO: Japan Post Holdings was considering buying Nomura Real Estate Holdings in a bid to make real estate operations its new earnings pillar, said a source.
One option for the purchase would be for Japan Post to acquire majority stake in Nomura Real Estate through an open tender, and the deal would likely be several hundred billions of yen in size, said the source.
Japan Post had entered unofficial talks with Nomura Holdings, a major shareholder of Nomura Real Estate, on the potential deal, said the source.
There still was a possibility that Japan Post and Nomura Real Estate would opt for a capital alliance, rather than an outright acquisition, said the source.
The possibility of Japan Post buying Nomura Real Estate was first reported by public broadcaster NHK on Friday.
Japan Post said on its website: “We are exploring various possibilities regarding new capital and business alliances and will make an announcement promptly once matters that should be made public are finalised.” Reuters
According to a source, Japan Post has entered unofficial talks with Nomura Holdings.