新2查账网址:Softbank’s Fortress offers US$1.5bil to buy Japan’s Sogo & Seibu
sSoftBan owned Fortress has obtained the first refusal right in the acquisition of Sogo & Seibu, amid investor pressure at Seven & i to focus on its core convenience store business, Nikkei said.皇冠正网代理开户（www.hg108.vip）是一个开放皇冠正网即时比分、皇冠正网代理开户的平台。皇冠正网代理开户平台（www.hg108.vip）提供最新皇冠登录，皇冠APP下载包含新皇冠体育代理、会员APP，提供皇冠正网代理开户、皇冠正网会员开户业务。
TOKYO: Softbank-owned Fortress Investment Group has offered around 200 billion yen (US$1.48bil or RM6.52bil) to buy Japanese department store unit Sogo & Seibu from parent Seven & i Holdings, Nikkei reports, citing sources.
Fortress has obtained the first refusal right in the acquisition of Sogo & Seibu, amid investor pressure at Seven & i to focus on its core convenience store business, Nikkei said.
Fortress Investment did not respond to a Reuters request for comment outside US business hours. Seven & i could not be immediately reached.
The US-based private equity firm is also in talks with Japanese electronics and appliance retailer Yodobashi Holdings to collaborate on efforts to revamp the department stores after the acquisition, the report added.,
Fortress is considering having Yodobashi run its store within the Seibu department in Ikebukuro, Tokyo, according to Nikkei.
Investment firm ValueAct, which holds a 4.4% stake in Seven & i, had urged the Japanese retailer to sell off Sogo & Seibu, saying in February the company could more than double its share price by focusing on its convenience stores.
In April, Seven & i said it would continue reforms of its business portfolio and had hired a financial adviser to conduct a strategic review of Sogo & Seibu.
Seven & i, the parent of 7-Eleven convenience stores, is expected to hold more detailed talks with Fortress, according to the Nikkei report. — Reuters