KKR, Rakuten complete share purchase in Japanese supermarket chain Seiyu from Walmart

KKR, Rakuten complete share purchase in Japanese supermarket chain Seiyu from Walmart

A logo of Seiyu is pictured at its chainstore in Tokyo, Japan, July 12, 2018. REUTERS/Kim Kyung-Hoon

Private equity giant KKR, and Rakuten DX Solution, a unit of the Japanese e-commerce group Rakuten Inc., have completed their share purchases in Japanese supermarket chain Seiyu GK from Walmart.

KKR now owns a 65% stake in Seiyu and Rakuten DX Solution owns 20% in the company, according to a statement. Walmart retains a 15% stake in Seiyu. KKR made the investment from its Asia private equity fund, the companies said.

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