Funding for Seven & i founding family buyout will be finalised by end Dec, say sources

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TOKYO :Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalised by the end of December and will involve Japan's three largest lenders, two people with knowledge of the matter said.

It later raised its offer to $47 billion, in what would be the largest-ever foreign takeover of a Japanese company.

MUFG, SMFG, Mizuho, and Seven & i declined to comment.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Group Japanese Company Seven Made Family Japan Cent Financial Founding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 08:42:19 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23718948

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