FamilyMart Japan subject to takeover bid

Date : 14 July 2020

Jiong-Jiong Yu

Senior Retail Analyst

Japanese trading house Itochu has signalled its intent to take full ownership of the FamilyMart convenience store chain. A deal will cost US$5.4 bn It is estimated that the total cost of buyout will be around JPY580 bn (US$5.4 bn). Itochu already holds 50.1% of FamilyMart business and is…
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