The Japanese finance ministry's recent designation of Seven & i as a 'core' industry significantly complicates the efforts of Canadian retailer Couche-Tard to take over the company.
Japan's Cabinet defines 'core industries' as sectors requiring advance notification due to significant risks to national security, affecting potential foreign investments like the Couche-Tard bid.
Couche-Tard remains determined to buy Seven & i despite regulatory hurdles, stating confidence in its financial capacity for the transaction valued at about $40 billion.
Seven & i dismissed the idea that the core industry rating directly relates to ACT's takeover offer, specifying that the classification was based on inquiries from months prior.
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