Seven & i to acquire 7-Eleven Australia for $1.13bn.

Seven & i, a diversified retail company, agreed to acquire 7-Eleven Australia, an operator of convenience store and fuel retail businesses, for $1.13bn. "The acquisition by 7-Eleven International is a vote of confidence in our people, our strategy, and the future of 7-Eleven Australia. The business has strong momentum and an exciting outlook for growth. Our customers will continue to come first, and we will remain focused on the transformation of our total merchandise and fuel offer, the evolution of our convenient food proposition, digital and format innovation, as well as the rollout of new stores," Angus McKay, 7-Eleven Australia CEO and Managing Director.