Apollo Considers ¥1.5 Trillion ($9.5 Billion) Stake in Seven & i Buyout Bid by Ito Family by May

Apollo Global Management is reportedly considering a substantial investment in a management buyout (MBO) bid by the founding Ito family of Seven & i Holdings Co., the parent company of the Japanese convenience store chain 7-Eleven. The investment could reach as much as ¥1.5 trillion (approximately $9.5 billion), aimed at taking the company private. The decision on the future path of Seven & i is expected to be made by May, according to the company's CFO. The potential buyout has led to a notable increase in Seven & i's stock price in Tokyo, reflecting market optimism regarding the deal.