SST Business Group Will Shift To Becoming An Equity Method Affiliate

Seven Bank

10/10/2024 07:26

Oct 10 (Reuters) - Seven & i Holdings Co Ltd  3382.T :
    * WILL ESTABLISH INTERMEDIATE COMPANY AS WHOLLY-OWNED
SUBSIDIARY
OF COMPANY
    * SST BUSINESS GROUP WILL SHIFT TO BECOMING AN EQUITY METHOD
AFFILIATE
    * TO ESTABLISH AN INTERMEDIATE HOLDING COMPANY TO PRESIDE
OVER
SUPERMARKET FOOD, OTHER BUSINESSES
    * SST GROUP TO BRING IN STRATEGIC PARTNERS (INCLUDING
POSSIBLE
CO-INVESTMENT BY FOUNDER FAMILIES)
    * SST BUSINESS GROUP WILL SHIFT TO BECOMING AN EQUITY METHOD
AFFILIATE BY BRINGING IN STRATEGIC PARTNERS (INCLUDING POSSIBLE
CO-INVESTMENT BY FOUNDER FAMILIES)
    * AFFILIATES TO BE RESTRUCTURED UNDER INTERMEDIATE COMPANY
IS
EXPECTED TO ENTAIL A TOTAL OF 31 COMPANIES
    * EFFECTIVE DATE OF ORGANIZATIONAL RESTRUCTURING: LATE
FEBRUARY,
2025 (PLANNED)

Source text for Eikon:  ID:nTSvj917d9 
Further company coverage:  3382.T