Itochu Decides Not to Join Management Buyout of Seven & I, Nikkei Reports

Dow Jones

2025/02/26

--Itochu Corp. has decided not to join a management buyout of Seven & i Holdings by the 7-Eleven owner's founding Ito family, the Japanese business daily Nikkei reported Wednesday, without citing sources.

--Itochu was considering investing about 1 trillion yen, equivalent to $6.71 billion, the Nikkei report said.

--Seven & i's founding family will continue with efforts to secure financing for the buyout, the Nikkei reported.

Full story (in Japanese): https://www.nikkei.com/article/DGXZQOUC187AV0Y4A211C2000000/

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

February 26, 2025 03:03 ET (08:03 GMT)

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