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KKR and Bain bid up to $7.6 billion for Seven & i assets as the company faces a $47B takeover bid.
Private equity firms KKR and Bain Capital have submitted bids ranging from $4.8 billion to $7.6 billion for non-core assets of Japan's Seven & i Holdings, with Bain offering the highest amount.
Seven & i plans to spin off its supermarket operations into a separate unit called York Holdings.
The company's founding family is also exploring a management buyout to resist a $47 billion takeover bid from Canada's Alimentation Couche-Tard.
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KKR y Bain ofrecieron hasta 7.600 millones de dólares por los activos de Seven & i, ya que la compañía se enfrenta a una oferta pública de adquisición de 47.000 millones de dólares.