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Announced

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.

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