Japan's Seven & i eyes selling stake in bank unit to Itochu

Trading house to buy nearly 10% stake, becoming one of the major shareholders

20250520 Itochu seven

Seven & i Holdings plans to sell part of its banking business to trading house Itochu to focus more on its convenience store business.

YOSHIHIRO HARA

TOKYO -- Japan's Seven & i Holdings, owner of the 7-Eleven convenience store chain, is planning to sell part of its bank unit, Seven Bank, to trading house Itochu, Nikkei learned on Tuesday.

The move is part of the retailer's effort to focus its resources on its core convenience store business by reducing its stake in the bank.

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