TOKYO, Nov 6 (Reuters) - Japan's Seven & I Holdings ( SVNDF )

is considering reducing its holding in its listed

banking arm, Seven Bank ( SEBNF ), by selling the shares held by

two of its supermarket subsidiaries, Bloomberg news reported on

Wednesday.

The two supermarket subsidiaries - Ito-Yokado and York

Benimaru - collectively hold 7.8% of Seven Bank's ( SEBNF ) shares, which

if sold would leave the group with the 38.4% stake still held by

its domestic convenience store arm, LSEG data shows.

Seven & I ( SVNDF ) is looking at selling off the Seven Bank ( SEBNF ) shares to

38% by February 2025, Bloomberg said, quoting multiple sources.

Seven & I ( SVNDF ) was not available for comment outside of working

hours.

The global retail group is the target of a buyout by

Canadian competitor Alimentation Couche-Tard ( ANCTF ) and has

accelerated plans to dispose of non-core assets in a bid to

improve corporate value.

Last month Seven & I ( SVNDF ) announced a company reorganisation to

separate its convenience store business from its vast network of

non-core holdings.