About: http://data.cimple.eu/news-article/a2e42cb5008aec2070902378afb1392a26a8a3118441c42cff94ce52

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About: http://data.cimple.eu/news-article/a2e42cb5008aec2070902378afb1392a26a8a3118441c42cff94ce52 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Retail giant Walmart will sell 85 percent of its Japanese subsidiary Seiyu to investment firm KKR and e-commerce group Rakuten, the pair announced Monday. The deal, which values Seiyu at 172.5 billion yen ($1.6 billion), is expected to close in the first quarter of next year, with New York-based KKR acquiring 65 percent of the supermarket chain. Japan's Rakuten -- which already set up an online grocery delivery service with Seiyu in 2018 -- will buy 20 percent and set up a new subsidiary called Rakuten DX Solution focused on internet sales. Walmart will keep the remaining shares in Seiyu, which was founded in the 1960s and has more than 300 stores in Japan. The US retail behemoth first acquired a stake in Seiyu in 2002 and later made it a wholly owned subsidiary despite poor financial results. The agreement "will allow Seiyu to benefit from the combined business expertise of KKR, Rakuten and Walmart... and accelerate its digital transformation", Monday's statement said. etb/ahe/kaf/qan
schema:headline	KKR, Rakuten to buy most of Walmart's Japan subsidiary
schema:mentions	Ethiopian birr E-commerce Supermarket Walmart Japan Sunoco LP Kohlberg Kravis Roberts Online grocer Rakuten Digital transformation Mark Roebuck Japanese yen
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	63 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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