04:54 PM EDT, 09/06/2024 (MT Newswires) -- The Japanese parent company of the 7-Eleven convenience-store chain has retained prominent financial and legal advisers as it mulls a potential sale to Canada's Alimentation Couche-Tard Inc. ( ANCTF ), parent of Circle K, The Globe and Mail newspaper is reporting Friday.

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. (MUMSS) is serving as financial adviser to Seven & i Holdings Co. Ltd. and Nishimura & Asahi, one of Japan's largest law firms, is serving as legal adviser, according to a source familiar with the matter. The Globe and Mail is not identifying the source because they are not authorized to discuss the appointments publicly.

Seven & i did not respond to a request for comment on the appointments.

Laval, Que.-based Couche-Tard has retained Goldman Sachs as a financial adviser but has not disclosed whether it has retained any external legal counsel.

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