TOKYO -- Japanese trading house Itochu announced on Wednesday it will take full ownership of the FamilyMart convenience store chain, raising its stake from just over 50% through a tender offer.
Business deals
Itochu to take 100% stake in convenience store FamilyMart
Japanese trading house announces buyout will cost $5.4bn
Itochu and FamilyMart will deepen their ties in procurement of food and consumer goods, customer data analysis and digital payments.
Read Next
Latest on Business deals
