TOKYO (Reuters) – U.S. private equity fund KKR is considering selling supermarket chain Seiyu in a deal worth hundreds of billions of yen (several billion dollars), the business newspaper reported on Tuesday.
The tender process for the sale of shares has begun and major retailers such as Aeon, Don Quixote owner Pan Pacific International Holdings and Trial Holdings, as well as one or more investment funds have submitted offers, Nikkei said without citing sources.
KKR owns 85% of Seiyu and Walmart (NYSE:) owns the remaining 15%. The Nikkei said Walmart’s stake would also likely be sold and the final buyer would be finalized around February, the newspaper reported.
KKR declined to comment.
