TOKYO, Oct 4 (Reuters) - Japan's Seven & i Holdings ( SVNDF )
is considering selling a stake in its supermarket unit
ahead of a planned listing of the business, two sources said, as
the 7-Eleven owner aims to speed up an overhaul after rejecting
a takeover from Alimentation Couche-Tard ( ANCTF ).
Neither the timeline of the potential sale nor the size of
the stake were immediately clear. Seven & i ( SVNDF ) was considering
selling to an investor such as a fund, said the sources, both of
whom had knowledge of the matter, but declined to be identified
because the information has not been made public.
The unit includes the Ito-Yokado supermarket chain, one of
Japan's best-known grocery store businesses.
Seven & i ( SVNDF ) last month rejected a buyout offer from Canada's
Alimentation Couche-Tard ( ANCTF ) saying the price was too low. The
Japanese company in April said it was considering listing the
supermarket business as early as the 2027 financial year.
The sale will allow Seven & i ( SVNDF ) to both accelerate its
overhaul of the supermarket business and free up resources to
better focus on the core convenience store unit, one of the
sources said.
A Seven & i ( SVNDF ) spokesperson said the information was not
something released by the company and nothing had been decided
at this time.