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KKR Increases Stake In Seiyu To 85%

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

KKR and Rakuten Group, Inc. announced the signing of definitive agreements under which a fund managed by KKR will purchase Rakuten's stake in Seiyu, a nationwide supermarket chain in Japan. With the purchase, KKR increased its stake in Seiyu from 65% to 85%. Following the transaction, Rakuten will continue to be an important strategic partner to Seiyu.

KKR and Rakuten, together with Seiyu's third shareholder, Walmart, have collaborated to support Seiyu's growth since KKR and Rakuten completed their investments in Seiyu in 2021.

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