FX.co ★ Apollo Reportedly To Invest $9.5 Bln In Seven & I Buyout Plan

Apollo Global Management, LLC (APO) is reportedly evaluating a potential acquisition of the Japanese convenience store chain, Seven & i. The investment, expected to approximate 1.5 trillion yen (approximately $9.5 billion), was highlighted in a Bloomberg News report on Friday, which cited sources familiar with the development.

Under the proposed arrangement, Seven & i's founding family is planning to contribute 500 billion yen in equity. Meanwhile, Itochu Corporation, a prominent trading company, is set to invest over 1 trillion yen in equity. Apollo is anticipated to contribute up to 1.5 trillion yen through the issuance of preferred shares, as detailed in the report.