TOKYO (Reuters) – U.S. non-public fairness fund KKR is contemplating promoting grocery store chain Seiyu in a deal that would value a number of hundred billion yen (a number of billion {dollars}), the enterprise each day reported on Tuesday.
The bidding course of for the sale of shares has begun, and main retailers together with Aeon, Don Quijote proprietor Pan Pacific Worldwide Holdings and Trial Holdings, in addition to an funding fund or funds have submitted bids, Nikkei stated with out citing sources.
KKR owns 85% of Seiyu and Walmart (NYSE:) the remaining 15%. The Nikkei stated Walmart’s stake was additionally prone to be bought, and that the ultimate purchaser can be determined by round February, the newspaper reported.
KKR declined to remark.
