Seven & i founding family sounded out KKR, others about buyout, Nikkei says

Quick Summary:

TOKYO : The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

Funding for the proposed buyout will be finalised by the end of December and will involve Japan's three largest lenders, Reuters reported on Wednesday.

FILE PHOTO: Japan's Seven & I’s logo is seen at its 7-Eleven convenience store in Tokyo, Japan August 19, 2024.

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Category: EconomyBusiness

Markets: SingaporeCanadaJapan

Topics: 2024 Japan Reported Approached Buyout Founding Tokyo Family Seven Nikkei

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 17:35:16 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 202 words

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Sentences: 8 lines

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Copyright Owner: © Channel News Asia

News ID: 23777431

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