7&iHD is considering the disconsolidation through the partial sale of shares of Seven Bank - sources.
October 3, 2024 17:02 JST (excerpt).
Seven & i Holdings (HD) is considering selling a portion of its subsidiary Seven Bank's shares, and excluding it from consolidation. Amidst an acquisition proposal from the Canadian convenience store giant Alimentation Couche-Tard, they are moving forward with a more decisive structural reform.
Several sources revealed on condition of anonymity. According to Seven Bank's securities report, 7&iHD is the parent company holding 46.4% of Seven Bank's voting rights. One source mentioned that details such as the buyer and transfer amount have not been decided yet as it is currently under consideration.
Seven & i Holdings (HD) is considering selling a portion of its subsidiary Seven Bank's shares, and excluding it from consolidation. Amidst an acquisition proposal from the Canadian convenience store giant Alimentation Couche-Tard, they are moving forward with a more decisive structural reform.
Several sources revealed on condition of anonymity. According to Seven Bank's securities report, 7&iHD is the parent company holding 46.4% of Seven Bank's voting rights. One source mentioned that details such as the buyer and transfer amount have not been decided yet as it is currently under consideration.
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