KKR and Bain each bid more than US$5 billion for Seven & i assets: Sources

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TOKYO: Private equity firms KKR and Bain Capital each offered more than US$5 billion in first-round bids for the non-core assets of Japan's Seven & i Holdings, according to people familiar with the matter.

KKR offered around 800 billion yen (US$5.

The three private equity firms will now submit legally binding proposals but may alter their offers following due diligence, two of the people said.

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Category: EconomyBusiness

Markets: SingaporeCanadaJapan

Topics: Bain Seven Billion People Bids Three Japan Private Offered Firms

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 11:46:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24660217

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Main Topics: EconomyBusiness

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