Market Chatter: 7-Eleven Operator Exploring Share Sale to SoftBank, PayPay

MT Newswires Live07-13

Seven & i (TYO:3382), operator of the 7-Eleven convenience store chain, is considering a multibillion-yen sale of shares to SoftBank (TYO:9984) and LY's (TYO:4689) PayPay, Bloomberg News reported Monday, citing people familiar with the matter.

The investment would strengthen the companies' partnership and help Seven drive earnings growth at its convenience store business, the report said.

The three companies aim to finalize an agreement by August, though discussions remain ongoing and no deal is guaranteed, according to Bloomberg. The report added that a potential investment by Sumitomo Mitsui's credit card unit could further deepen the partnership.

Seven & i, Softbank, and Paypay didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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