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Japan’s Seven & i Holdings 3382.T is considering launching a management buyout that would see the retailer go private in a deal that could be worth up to $58 billion, Bloomberg News reported on Wednesday.
The Nikkei newspaper also reported that the owner of the 7-Eleven convenience store chain was looking at an MBO but put the value of a potential deal at more than 6 trillion yen ($39 billion).
A Seven & i spokesperson said the information was not something released by the company.
Seven & i has come under increased pressure to boost corporate value and deliver more for shareholders after Canada’s Alimentation Couche-Tard ATD.
