Seven & I Holdings is contemplating promoting a stake in its grocery store unit forward of a deliberate itemizing of the enterprise, two sources mentioned, because the 7-Eleven proprietor goals to hurry up an overhaul after rejecting a takeover from Alimentation Couche-Tard.
Neither the timeline of the potential sale nor the dimensions of the stake had been instantly clear. Seven & I used to be contemplating promoting to an investor akin to a fund, mentioned the sources, each of whom had information of the matter however declined to be recognized as a result of the data has not been made public.
The grocery store enterprise consists of the Ito-Yokado chain, one in every of Japan’s best-known grocery retailer companies. Seven & I in April mentioned it was contemplating itemizing the grocery store enterprise as early because the 2027 monetary 12 months.
