03:28 AM EST, 03/05/2025 (MT Newswires) -- KKR (KKR) will sell Seiyu, a supermarket chain, to Trial Holdings, a Japan-based distribution and retail operator, the companies said Wednesday.

The companies said KKR initially acquired a 65% majority stake in Seiyu from Walmart ( WMT ) in 2021, followed by an additional 20% from Rakuten in 2023, bringing its total share to 85%.

Under the agreement, the companies said Walmart ( WMT ) would also sell its 15% stake in Trial.

The deal is expected to close in Q2, subject to regulatory and customary closing conditions.