ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

7-Eleven operator drops $22bn bid for Speedway gas stations

Japan's Seven & i deems US acquisition too expensive and risky

Seven & i, operator of the 7-Eleven convenience store chain, had previously hoped to expand its U.S. business as a pillar of growth due to a lack of prospects domestically. (Nikkei Montage/ Source photo by Reuters)

TOKYO -- Japan's retail giant Seven & i Holdings has dropped its plan to acquire the Speedway gas station chain in the U.S. for about $22 billion, Nikkei has learned.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more