Executives from Alimentation Couche-Tard traveled to Tokyo this week to express their interest in buying Seven & i, the Japanese conglomerate which notably owns the 7-Eleven convenience stores.
Published yesterday at 10:27 a.m.
The founder and executive chairman of the board of Couche-Tard, Alain Bouchard, the CEO Alex Miller, the financial director, Filipe Da Silva, and the advisor and former CEO Brian Hannasch granted an interview to the Bloomberg agency during their visit to Japan.
Quoted by Bloomberg, Alain Bouchard explains that he made this trip to establish relationships with “stakeholders”. “We have managed to do this so far, with the exception of the company (Seven & i). We invited them, we tried to organize a meeting, but it didn’t work, but it will work eventually. We also want to better understand Japanese culture, but especially the concerns of the Japanese. »
Couche-Tard sent a purchase offer to Seven & i in August before subsequently improving it. Earlier this week, an institutional shareholder of Seven & ia sent a letter to the Japanese group’s board of directors asking it to authorize Couche-Tard to carry out due diligence and negotiate a purchase price.
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