KKR: sells Seiyu to Trial Holdings
(CercleFinance.com) - KKR and Seiyu, a national supermarket chain in Japan, have announced the signing of definitive agreements for the sale of Seiyu to Trial Holdings, a Japanese distribution and retail operator.
NB: pmt -0.9%.
KKR first acquired a 65% majority stake in Seiyu from Walmart in 2021, before acquiring an additional 20% stake from Rakuten in 2023, bringing KKR's stake to 85%. As part of the transaction, Walmart will also sell its 15% stake to Trial.
Hiro Hirano, Deputy Executive Chairman of KKR Asia Pacific and CEO of KKR Japan, said that Seiyu is an outstanding example of how global investors with deep local knowledge, global connectivity and expertise can help iconic Japanese brands and local champions unlock their full potential.
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