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Seven & i considering launching management buyout, Nikkei and Bloomberg say
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Seven & i considering launching management buyout, Nikkei and Bloomberg say
Nov 12, 2024 8:23 PM

TOKYO, Nov 13 (Reuters) - Japan's Seven & i Holdings ( SVNDF )

is considering launching a management buyout that would

see the retailer go private, the Nikkei newspaper and Bloomberg

News reported on Wednesday, a deal that could be worth up to 9

trillion yen ($58.2 billion).

Seven & i ( SVNDF ) faces a takeover bid from Canada's Alimentation

Couche-Tard ( ANCTF ) and has been under pressure to boost

corporate value.

($1 = 154.7300 yen)

(Writing by David Dolan

Editing by Chang-Ran Kim)

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