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Investing.com -- Bain Capital, a US-based private equity firm, is reportedly close to finalizing a deal to acquire the supermarket business of Seven & i Holdings Co.
According to Bloomberg News, the details of the transaction are being ironed out and an announcement could be made as early as this week.
The board of Seven & i is expected to convene a meeting on Thursday to vote on the proposed deal. The details of the transaction remain confidential, as requested by those involved in the discussions.
The deal could potentially value York Holdings, a subsidiary company that includes supermarkets, restaurants, and other assets separated from Seven & i’s convenience store business, at over 700 billion yen ($4.7 billion), according to one of the sources.
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