Alimentation Couche-Tard has approached Japan's Seven & i Holdings regarding a potential $38 billion takeover of 7-Eleven, aiming to significantly expand its global reach.
If successful, the acquisition of 7-Eleven by Couche-Tard would mark the largest-ever foreign buyout of a Japanese company, emphasizing the growing interest of Canadian firms in Asian markets.
7-Eleven, owned by Seven & i Holdings since 2005, operates more than 83,000 locations globally and ranks as the world’s largest convenience store chain, highlighting its immense market value.
Couche-Tard, which operates Circle K, has a history of growth through acquisitions since its inception in 1980, showcasing its strategy of expanding its convenience store network globally.
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