The proposed buyout from the company’s founding Ito family would be financed in part by a cash-generating initial public offering of 7-Eleven stores and gas stations in North America, sources told Bloomberg. Three of Japan’s biggest banks would be key in providing roughly US$40 billion in loans. (Bloomberg)
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The proposed buyout from the company’s founding Ito family would be financed in part by a cash-generating initial public offering of 7-Eleven stores and gas stations in North America, sources told Bloomberg. Three of Japan’s biggest banks would be key in providing roughly US$40 billion in loans. (Bloomberg)
Talking point: Under the terms of the deal, the company would be split into three: Seven & i’s domestic retail supermarkets business; 7-Eleven convenience stores in Japan, and its North American convenience stores along with Speedway and Sunoco gasoline stations. Should it go through, the deal would be the biggest buyout in Japan’s corporate history, and would keep the prized chain from falling into the hands of Quebec’s Alimentation Couche-Tard, which made a US$47.2-billion offer for the chain in October.
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