Itochu ends consideration of Seven & i Holdings deal

** Itochu Corporation (TSE: 8001) announced today that it has concluded its review of a potential investment in the acquisition of Seven & i Holdings Co., Ltd. The decision comes after the company received and considered a request from the founding family of Seven & i Holdings to participate as a strategic partner in their acquisition proposal. While Itochu engaged in serious discussions and considerations, the company ultimately determined to terminate further involvement in the transaction. This decision signifies a shift in Itochu's strategic outlook regarding potential investments in the retail sector, particularly in the context of the Seven & i Holdings acquisition. The termination of consideration marks the end of Itochu's due diligence process on the Seven & i Holdings transaction.