TOKYO (Reuters) – U.S. private equity fund KKR is considering selling supermarket chain Seiyu in a deal that could be worth hundreds of billions of dollars, a business daily reported on Tuesday.
The bidding process for the share sale has begun, and major bidders including Aeon, Don Quijote owner Pan Pacific International Holdings and Trial Holdings, and investment funds or funds have submitted bids, Nikkei said without specifying sources.
KKR owns 85% of Seiyu and Walmart (NYSE: ) the remaining 15%. Nikkei said Walmart's stake could be sold, and the final buyer would be decided around February, the newspaper reported.
KKR declined to comment.