TOKYO -- Japanese trading house Itochu will not participate in the buyout of Japan's Seven & i Holdings planned by the founding family of the retail conglomerate, a source familiar with the matter told Nikkei.
Business deals
Japan's Itochu withdraws from Seven & i buyout talks
Setback to founding family's plan sparks 10% rally in Thailand's CP All stock
Seven & i Holdings' founding family has run into difficulties raising the 8 trillion yen ($53.5 billion) needed to privatize the company. (Photo by Akira Kodaka)
Read Next
Latest on Business deals
