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KKR is considering selling Seiyu supermarket in Japan, Nikkei Ni Reuters said

itstargetnews
Business News
January 7, 2025
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TOKYO (Reuters) – U.S. private equity fund KKR is considering selling supermarket chain Seiyu in a deal worth several hundred billion yen (several billion dollars), the business daily reported on Tuesday.

The bidding process for the sale of shares has begun, and major retailers including Aeon, Don Quijote’s owner Pan Pacific International Holdings and Trial Holdings, as well as an investment fund or funds have submitted of the bids, Nikkei said without citing sources.

KKR owns 85% of Seiyu and Walmart (NYSE: ) the remaining 15%. The Nikkei said that Walmart’s stake is also likely to be sold, and that the final buyer will be decided around February, the newspaper reported.

KKR declined to comment.

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