Under the plan, Seven & i’s founding family will invest 500 billion yen in equity, trading company Itochu Corp will invest over 1 trillion yen in equity, and Apollo up to 1.5 trillion yen in preferred shares
is considering investing as much as 1.5 trillion yen in a management buyout of Japan’s Seven & i Holdings, Bloomberg News said on Friday, citing several people with knowledge of the matter.
Seven & i said in November it had received a buyout proposal from the founding family, as it weighs a rival offer from Canada’s Alimentation Couche-TardSince then the founding family has approached a number of private equity firms about supporting their bid, sources have said.
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