Walmart to sell 85 percent of Seiyu to KKR and Rakuten
NHK -- Nov 17
US retail giant Walmart says it's selling 85 percent of the shares of its Japanese supermarket subsidiary Seiyu. The sale aims to increase Seiyu's emphasis on digital shopping.

US investment firm KKR will acquire 65 percent of Seiyu and Japanese e-commerce giant Rakuten will purchase 20 percent through a newly created company. Walmart will retain a 15 percent stake.

The deal values Seiyu - which has been wholly-owned by Walmart since 2008 - at 172.5 billion yen, or about 1.6 billion dollars.

Seiyu and Rakuten are already jointly running a digital supermarket. Demand for online grocery shopping is increasing, especially amid the coronavirus pandemic.

Seiyu plans to use Rakuten's expertise to introduce a new cashless payment system and connect virtual and brick and mortar stores to offer better service.

楽天が投資ファンドと西友の株式を取得。デジタル戦略を進めます。  楽天はアメリカの投資ファンド「KKR」とともにスーパー大手「西友」の株式を取得します。KKRは65%、楽天は子会社を通じて20%を取得し、アプリを使った買い物やキャッシュレス決済の導入を進めるなど、オンラインと実店舗の融合を加速させ、西友のデジタル戦略を推進します。西友の株式を売却するアメリカの流通大手「ウォルマート」は15%を引き続き保有します。楽天は今後も国内の小売業全体にデジタル技術の提供を広げたい考えです。
News sources: NHK, ANNnewsCH
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