sSoftBan owned Fortress has obtained the first refusal right in the acquisition of Sogo & Seibu, amid investor pressure at Seven & i to focus on its core convenience store business, Nikkei said.以太坊开奖（www.326681.com）采用以太坊区块链高度哈希值作为统计数据，以太坊开奖（联博统计）数据开源、公平、无任何作弊可能性。联博统计免费提供API接口，支持多语言接入
TOKYO: Softbank-owned Fortress Investment Group has offered around 200 billion yen (US$1.48bil or RM6.52bil) to buy Japanese department store unit Sogo & Seibu from parent Seven & i Holdings, Nikkei reports, citing sources.
Fortress has obtained the first refusal right in the acquisition of Sogo & Seibu, amid investor pressure at Seven & i to focus on its core convenience store business, Nikkei said.
Fortress Investment did not respond to a Reuters request for comment outside US business hours. Seven & i could not be immediately reached.
The US-based private equity firm is also in talks with Japanese electronics and appliance retailer Yodobashi Holdings to collaborate on efforts to revamp the department stores after the acquisition, the report added.,
Fortress is considering having Yodobashi run its store within the Seibu department in Ikebukuro, Tokyo, according to Nikkei.
Investment firm ValueAct, which holds a 4.4% stake in Seven & i, had urged the Japanese retailer to sell off Sogo & Seibu, saying in February the company could more than double its share price by focusing on its convenience stores.
In April, Seven & i said it would continue reforms of its business portfolio and had hired a financial adviser to conduct a strategic review of Sogo & Seibu.
Seven & i, the parent of 7-Eleven convenience stores, is expected to hold more detailed talks with Fortress, according to the Nikkei report. — Reuters