Convenience and petrol retailer 7-Eleven’s Australian arm has been sold to its Japanese parent company after a hard-fought auction run by Azure Capital and Ashurst, Street Talk can reveal.
7-Eleven posted $220 million EBITDA in for the 2022 financial year, per the sale flyer.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
