Couche-Tard Wants to Buy Entire Seven & i, Sees FTC Deal

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(Bloomberg) — Alimentation Couche-Tard Inc. is interested in buying the entirety of Seven & i Holdings Co., and will keep the local operations of the Japanese convenience store and retail giant intact, Chairman and founder Alain Bouchard said.

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It’s also confident of addressing antitrust regulatory concerns over a deal that would create the biggest convenience store company in the world, with Bouchard noting that it’s always been able “to have a great solution” for the US Federal Trade Commission in past acquisitions.

The resolute approach comes despite a cold shoulder from Seven & i, which Bouchard said did not meet with Couche-Tard’s top management team during their trip to Japan.

“We have invited them, we have tried to organize a meeting, but it didn’t work, but it will eventually,” he said in interview in Tokyo on Thursday. “We also want to gain a better understanding of the Japanese…

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