Walmart Inc

NYSE:WMT   3:59:57 PM EDT
151.85
+0.49 (+0.32%)
4:37:37 PM EDT: $151.83 -0.02 (-0.01%)
Equity Investments, Mergers / Acquisitions

Walmart Says KKR And Rakuten To Acquire Stakes In Seiyu From Walmart

Published: 11/15/2020 23:25 GMT
Walmart Inc (WMT) - Kkr and Rakuten to Acquire Stakes in Seiyu From Walmart, Focus on Accelerating Digital Transformation of Japanese Retail.
Kkr Will Acquire 65% Stake in Seiyu, Rakuten Will Acquire 20% Stake, Through a Newly Created Subsidiary.
Walmart Will Retain a 15% Stake in Seiyu.
Kkr to Buy Majority Stake,new Rakuten Subsidiary Will Purchase Minority Stake in Seiyu Gk in Deal Valuing Business at ¥172.5 Billion.
Kkr is Making Its Investment From Its Asia Private Equity Fund.