Itochu to acquire an additional 15.61% stake in FamilyMart for $5.5bn.

Synopsis

Itochu, a Japanese trading house, offered to acquire an additional 15.61% stake in FamilyMart, a convenience store chain operator, for $5.5bn. Itochu aims to speed up decision-making at FamilyMart and help expand its business in Asia to make up for limited growth potential in the saturated domestic market.

Principals

target

Familymart Co

bidder

Itochu Corporation

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Market Context

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Seller Team (2)

takashi sawada

President and CEO at FAMILYMART CO LTD

Manager

target

Deals

£ 4.25 B

Total Value

kunihiro nakade

CEO at FAMILYMART CO LTD

Manager

target

Deal

£ 4.20 B

Total Value

Bidder Team (1)

masahiro okafuji

Chairman and CEO at ITOCHU CORPORATION

Manager

bidder

Deals

£ 10.44 B

Total Value

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