Japan: KKR and Rakuten acquiring Walmart’s Seiyu

Date : 16 November 2020

Charles Chan

Senior Retail Analyst

Walmart, KKR and Rakuten have signed an agreement that will change the ownership structure of Seiyu in Japan. New ownership structure In a deal worth JPY172.5bn (approx. US$1.6bn), KKR will acquire 65% majority stake in Seiyu, Rakuten will acquire a 20% stake, through a newly created…
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