Australia owners sell 7-Eleven back to Japanese parent.
April 08, 2024 at 04:32 AM
2 minute read
Correspondent, Sydney
Ashurst is advising the owners of the 7-Eleven franchise in Australia on its $1.1 billion sale to its Japanese parent company, which was advised by Baker McKenzie.
Japan’s Seven & I Holdings, which owns the 7-Eleven global license and collects license fees from the Australian business, has paid A$1.7 billion ($1.1 billion) to own the Australian convenience and petrol retailer in full.
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