Japan to consider 'economic security' in 7-Eleven takeover

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Japan to consider 'economic security' in 7-Eleven takeover - Channel News Asia

Quick Summary:

TOKYO: Japan will look at the "economic security" aspects of any foreign acquisition of 7-Eleven, a government minister said as Canada's Couche-Tard pursues a takeover of the world's largest convenience chain.

Akazawa highlighted the role Japan's convenience stores can play in times of crisis, such as after major earthquakes and other disasters, particularly in remote regions.

Seven & i said in November that it was studying a counter-offer from the company's founding family reportedly worth ¥8 trillion (US$50 billion).