Japan's Hulic to buy Simplex for about $1.3 bln

October 28, 2015 12:38 AM

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TOKYO Oct 28 Japanese property developer Hulic Co will buy Tokyo-based Simplex Investment Advisors for about 155 billion yen ($1.29 billion), a person involved in the deal said on Wednesday.

Hulic is planning to sell all of Simplex's assets besides real estate properties to Mizuho Trust & Banking, a unit of Japanese mega-bank Mizuho Financial Group Inc, by December, the person said, asking not to be identified because the deal is not yet public.

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