TOKYO -- Seven & i Holdings is running out of alternatives to a proposed acquisition by Canada's Alimentation Couche-Tard after trading house Itochu decided not to participate in its proposed privatization, derailing efforts by the 7-Eleven parent's founding family to raise the 8 trillion yen ($54 billion) needed for the deal.
The Ito family began consulting with potential partners and lenders in 2024 on ways to privatize the Japanese retail conglomerate. Itochu had been involved in the discussions from the beginning, considering a contribution of around 1 trillion yen.
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