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SEVEN & I HOLDINGS CO LTD

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Seven & i : Notice Regarding the Approval of the Proposed Consent Order by the FTC Regarding the Acquisition of Speedway by a Subsidiary

06/28/2021 | 02:23pm EDT

June 26, 2021

To whom it may concern:

Company Name

Seven & i Holdings Co., Ltd.

Representative

Ryuichi Isaka

President & Representative Director

(Code No. 3382/First Section of the Tokyo Stock Exchange)

Notice Regarding the Approval of the Proposed Consent Order by the U.S. Federal Trade Commission Regarding the Acquisition of Shares and Other Interests Related to the Convenience Store Business and Other Businesses of U.S. Company Marathon Petroleum Corporation by a Subsidiary

Seven & i Holdings Co., Ltd. ("the Company") hereby announces that on June 25, 2021 the U.S. Federal Trade Commission (the "FTC") voted to approve the consent order related to the acquisition from U.S. Company Marathon Petroleum Corporation ("MPC"), of the shares and other interests of the convenience store and fuel retail businesses of MPC operating mainly under the Speedway brand (excluding certain fuel retail operations with direct dealers and certain other businesses) by the Company's consolidated subsidiary, 7-Eleven, Inc. (location of head office: Texas, U.S.A., President and CEO: Joseph M. DePinto) (the "Transaction"). The Transaction was closed on May 14, 2021.

As the Company announced in its press release "Regarding Media Reports" on May 17, 2021, 7- Eleven, Inc. has been working closely with the relevant governmental authorities for the Transaction, and the vote to approve the proposed consent order by the FTC confirms that all FTC antitrust concerns have been resolved.

The Company plans to hold a meeting to present the Medium-Term Management Plan on July 1, 2021, which the Company previously announced it would postpone in the press release "Regarding Media Reports" on May 17, 2021.

End

Disclaimer

Seven & I Holdings Co. Ltd. published this content on 26 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 18:22:20 UTC.


© Publicnow 2021
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Sales 2022 8 536 B 65 995 M 65 995 M
Net income 2022 214 B 1 655 M 1 655 M
Net Debt 2022 1 245 B 9 623 M 9 623 M
P/E ratio 2022 22,9x
Yield 2022 1,82%
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Number of Analysts 13
Last Close Price 5 554,00 JPY
Average target price 6 300,00 JPY
Spread / Average Target 13,4%
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Managers and Directors
Ryuichi Isaka President & Representative Director
Yoshimichi Maruyama General Manager-Finance & Accounting
Toshiro Yonemura Independent Outside Director
Kunio Ito Independent Outside Director
Yoshio Tsukio Independent Outside Director
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