(Update) Japan Retailer Seven & i Mulling Management Buyout
Tokyo, Nov. 13 (Jiji Press)--Japanese retail giant Seven & i Holdings Co. said Wednesday that it is examining a management buyout based on a proposal by a founding family member.
The management buyout is seen reaching some 9 trillion yen in value including financing from banks. The deal was proposed by Vice President Junro Ito, a member of a Seven & i founding family, and the family's asset management company, Ito-Kogyo Co., which holds 8 pct of Seven & i.
(2024/11/13-19:27)
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