PE giant KKR ramps up stake in Japanese supermarket chain Seiyu

PE giant KKR ramps up stake in Japanese supermarket chain Seiyu

REUTERS/Brendan McDermid

Private equity giant KKR has increased its stake in Japanese supermarket chain Seiyu to 85% from 65% by buying out Rakuten Group’s stake in the company, per an announcement. The investment is being made out of its Asian Fund IV.

Edited by: Joymitra Rai