TOKYO — U.S. private equity company KKR is considering selling its stake in Japanese supermarket operator Seiyu, Nikkei has learned. KKR has started a bidding process and plans to decide the buyer by February. The deal could be worth hundreds of billions of yen.
Japanese peers including Aeon, Pan Pacific International Holdings — operator of discount retail chain Don Quijote — and Trial Holdings are expected to have placed bids for Seiyu shares at the first tender offer held recently.
