EGN NEWS DESK
Alimentation Couche-Tard may situation debt and faucet its pension shareholders for funding so as to finance a proposed deal to purchase out 7-Eleven proprietor Seven & I Holdings, individuals acquainted with the Canadian retailer’s pondering mentioned.
A leveraged acquisition of the Japanese firm can be possible due to its robust money movement, which can assist to pay down debt rapidly, mentioned the individuals, who requested to not be recognized as a result of the data isn’t public. Couche-Tard is within the entirety of Seven & I, they added.
The firms disclosed final week that Couche-Tard had made a preliminary non-binding proposal to purchase Seven & I, which operates greater than 85,000 shops throughout the globe. Any deal to amass the retailer, which has a market worth of about ¥5.3 trillion ($36.8 billion), can be the biggest-ever international takeover of a Japanese firm. Couche-Tard, which operates 16,700 shops, is value about $55.5 billion.
