Flyer out for $220m-a-year 7-Eleven, Japanese suitor bankers up
If we needed any more evidence that Japan’s Seven & i Holdings was still keen to acquire 7-Eleven then here it is. Street Talk can reveal the Tokyo-based retailing group that owns the 7-Eleven brand globally has engaged Bank of America, Nomura and Baker McKenzie as it considers a tilt for the convenience and fuel retailing outfit.
The Withers and Barlow families put 7-Eleven, which they have run since acquiring the local license to the brand in 1977, on the market through Azure Capital earlier this month. Indicative bids are due at the end of June and a sale flyer has been circulated to interested parties.
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