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TOKYO (Thomson Financial) - Japanese banking group Resona Holdings Inc has
decided to sell its headquarters building in Tokyo's Otemachi district to
Mitsubishi Estate Co, Japan's second-largest property developer, for just over
150 billion yen, the Nikkei reported on Monday, without citing sources.
The banking group will remain in the building for the time being, with plans
to move to Tokyo's Koto Ward in two to three years, the business daily said.
Resona plans to use the proceeds to bolster its operations targeting mid- to
small-size firms as well as to repay a portion of the public funds it borrowed
from the government, it said.
The group has a 73 percent stake in the Resona-Maruha building, located in
central Tokyo.
(1 US dollar = 99.56 yen)
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