U.S. private equity firm KKR is reportedly considering divesting its majority stake in Japanese supermarket chain Seiyu, according to Nikkei. The potential deal could be valued at several hundred billion yen (several billion U.S. dollars).
A bidding process has commenced, attracting interest from major retailers in Japan. Among the potential buyers are prominent names like Aeon, Pan Pacific International Holdings (owner of Don Quijote), and Trial Holdings. Additionally, one or more investment funds have also reportedly submitted bids for Seiyu.
KKR currently holds an 85% ownership stake in Seiyu, while U.S. retail giant Walmart retains the remaining 15%. The Nikkei report suggests that Walmart’s stake is also likely to be included in the sale. A final decision on the buyer is anticipated around February.
When contacted by Reuters, KKR, Aeon, and Pan Pacific International declined to comment on the matter. Trial Holdings did not provide an immediate response to requests for comment. The potential sale of Seiyu marks a significant development in the Japanese retail landscape, with implications for both the involved companies and the broader market.
