Apollo is considering a $9.5 billion investment to buy Seven & i, Bloomberg tells Reuters

TOKYO (Reuters) – Apollo Global Management (NYSE: ) is considering investing as much as 1.5 trillion yen ($9.5 billion) in a management buyout of Japan’s Seven & i Holdings, Bloomberg News reported on Friday, citing several people familiar with the matter. familiar with this issue. .

Under the plan, founding family Seven & i will invest 500 billion yen in equity, trading firm Itochu Corp will invest over 1 trillion yen in equity, and Apollo up to 1.5 trillion yen in preferred shares, the report said.

In an interview with Reuters, Apollo declined to comment on whether it was engaged with parties for the Seven & i deal.

($1 = 158.2300 yen)