EGN NEWS DESK
The founding household of Seven & I Holdings, the guardian firm of 7-Eleven, has approached KKR & Co. and different funding corporations about taking part within the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.
In addition to KKR, the founding Ito household additionally approached Bain Capital and Apollo Global Management as a result of view will probably be tough to safe adequate capital from banks, the Nikkei reported.
Funding for the proposed buyout can be finalized by the top of December and can contain Japan’s three largest lenders.
Seven & I has acquired a buyout proposal from the founding household whereas beneath stress to persuade buyers it might probably improve worth by itself and fend off a $47-billion takeover bid from Canada’s Alimentation Couche-Tard.
