Seven & i considering launching management buyout, Nikkei and Bloomberg say

Quick Summary:

TOKYO :Japan's Seven & i Holdings is considering launching a management buyout that would see the retailer go private, the Nikkei newspaper and Bloomberg News reported on Wednesday, a deal that could be worth up to 9 trillion yen ($58.2 billion).

The deal could be worth around 9 trillion yen, Bloomberg said.

A Seven & i spokesperson said the information was not anything released by the company.

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Category: EconomyBusiness

Markets: SingaporeCanadaJapanUnited States

Topics: 2024 Seven Deal Tokyo Buyout Management Private News Nikkei Bloomberg

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 10:50:42 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 238 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23563920

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