TOKYO -- U.S. investment funds, including Bain Capital, KKR, and Fortress Investment Group, have bid for Seven & i Holdings' supermarket and restaurant business holding company in the first round of tendering called by the Japanese retailer, Nikkei has learned.
The first round of bidding for York Holdings, the intermediate holding company set up by Seven & i in October, closed on Thursday. People familiar with the tender offer said Japanese trading house Sumitomo Corp. has also submitted a bid. The shortlisted bidders are expected to begin asset assessments in early 2025.
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