Apollo is considering a $9.5 billion investment in the Seven & i buyout, Bloomberg says via Reuters

TOKYO (Reuters) – Apollo Global Management (NYSE: ) is considering investing as much as 1.5 billion yen ($9.5 billion) in a management buyout of Japan’s Seven & i Holdings, Bloomberg News said. on Friday, citing several people with knowledge of the matter. .

Under the plan, Seven & i’s family will invest 500 billion yen in equity, Itochu Corp’s trading company will invest more than 1 trillion yen in equity, and Apollo will reach li -1.5 billion yen in preferred shares, according to the report.

In an interview with Reuters, Apollo declined to comment on whether it was involved with parties for the Seven & I deal.

($1 = 158.2300 yen)