Funding for the proposed buyout of Seven & I Holdings by its founding family will be finalized by the end of December and will involve Japan’s three largest lenders, two people with knowledge of the matter have said.
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group will each provide funding for the buyout, said the people, who declined to be identified as the matter has not been made public.
MUFG, SMFG, Mizuho and Seven & I declined to comment.