TOKYO, March 5 (Reuters) - Seven & i Holdings ( SVNDF )

is likely to sell most of its non-core business holding company

shares to Bain Capital for more than 700 billion yen ($4.69

billion), Bloomberg News reported on Wednesday citing people

familiar with the matter.

The deal is likely to be decided at the board meeting to be

held on Thursday, the report said.

Local media reported last month that Seven & i ( SVNDF ), operator of

the 7-Eleven convenience store chain, had picked Bain as its

preferred buyer for a stake of its York Holdings, an entity that

the retailer plans to spin off.

($1 = 149.1700 yen)