TOKYO -- Canadian convenience store leader Alimentation Couche-Tard is expected to need prior approval from Japanese authorities to complete a proposed takeover of Seven & i Holdings, given the latter's involvement in potentially sensitive industries, Nikkei has learned.
Business deals
Seven & i's proposed buyout to require preapproval by Japan
Foreign investment rules could hinder Couche-Tard's bid for 7-Eleven parent
Seven & i Holdings, which operates the 7-Eleven convenience store chain, is one of Japan's leading retailers. © Reuters
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