Japan classifies Seven & i Holdings as "core" to national security, but its status does not impede buyout processes.
Japan's Finance Minister Shunichi Suzuki stated that the designation of Seven & i Holdings, parent company of 7-Eleven, as "core" to national security will not complicate any potential buyout. This classification raised concerns about protective measures following a rejected $38.5 billion offer from Canada's Alimentation Couche-Tard. However, Suzuki clarified that the core status does not impede buyout processes, though foreign entities must still notify the government for reviews on significant acquisitions.
September 17, 2024
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