Trading house Itochu Corp. is considering investing around 1 trillion yen ($6.3 billion) in Seven & i Holdings Co. as part of a management buyout plan by the retailer’s founding family, sources familiar with the matter said Friday.
Itochu, which owns convenience store chain FamilyMart Co., has been approached by the family but it aims to mitigate antitrust concerns by limiting its stake in Seven & i, the operator of 7-Eleven convenience stores, to around 10 percent, the sources added.
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