Japanese government classifies Seven & i Holdings as a "core" industry, complicating Couche-Tard's takeover attempt.

The Japanese government has classified Seven & i Holdings, the parent company of 7-Eleven, as a "core" industry, complicating Canadian firm Alimentation Couche-Tard's proposed takeover. This designation imposes regulatory hurdles, requiring foreign entities to notify authorities before acquiring over 10% of shares. Seven & i, which operates 85,000 outlets globally, previously rejected Couche-Tard's buyout offer, citing undervaluation of its business.

September 13, 2024
25 Articles