Japan's Seven & i to sell department store unit, Nikkei reports (updated)

SEIBU HOLDINGS

31/01/2022 10:15

(Adds details of media report, company response)
    TOKYO, Jan 31 (Reuters) - Japan's Seven & i Holdings Co Ltd
 3382.T  is in final negotiations to sell its department store
unit, Sogo & Seibu, the Nikkei business daily reported on
Monday, amid investor pressure to focus on its core convenience
store business. 
    Investment funds and companies are expected to be among the
potential bidders with negotiations on price to begin this
month, Nikkei reported without citing sources. 
    A Seven & i spokesperson said nothing had been decided. 

 (Reporting by Sam Nussey and Sakura Murakami; Editing by Louise
Heavens and Edmund Blair)
 ((sam.nussey@tr.com;))