Walmart to sell most of Japan's Seiyu to KKR and Rakuten
Mon, Nov 16, 2020 6:13 AM

Walmart to sell most of Japan's Seiyu to KKR and Rakuten

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U.S retailer Walmart Inc has agreed to sell most of Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten in a deal that values Seiyu at 172.5 billion yen ($1.65 billion), the companies said. KKR will buy 65% of Seiyu and Rakuten will acquire a 20% stake while Walmart will retain 15%, the companies said in a joint statement.

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