In a deal that reshapes the ownership structure of one of Australia’s familiar convenience store chains, the owners of the 7-Eleven franchise in Australia have sold its business back to its Japanese parent company, Seven & I Holdings, for an impressive $1.1 billion. This transaction signifies the full ownership of the Australian convenience and petrol retailer by Seven & I Holdings, which already held the 7-Eleven global license and earned license fees from the Australian business.
Renowned law firms were called in to facilitate the deal, with Ashurst advising the Australian owners whilst the Japanese parent company sought counsel from Baker. For more details on the transaction, you can visit the original article here.