KKR considering selling Japan's Seiyu supermarket, Nikkei says
07/01/2025 03:57
TOKYO, Jan 7 (Reuters) - U.S. private equity fund KKR
KKR.N is considering selling supermarket chain Seiyu in a deal
that could worth several hundred billion yen (several billion
dollars), the Nikkei business daily reported on Tuesday.
The bidding process for the sale of shares has begun, and
major retailers including Aeon 8267.T , Don Quijote owner Pan
Pacific International Holdings 7532.T and Trial Holdings
141A.T , as well as an investment fund or funds have submitted
bids, Nikkei said without citing sources.
KKR owns 85% of Seiyu and Walmart WMT.N the remaining 15%.
The Nikkei said Walmart's stake was also likely to be sold, and
that the final buyer would be decided by around February, the
newspaper reported.
KKR declined to comment.
(Reporting by Kiyoshi Takenaka, Mariko Katsumura, Satoshi
Sugiyama, Anton Bridge
Editing by Chang-Ran Kim)
((Satoshi.Sugiyama@thomsonreuters.com;))