TOKYO (Reuters) – Japanese retail giant Seven & i Holdings has been classified as “core” to national security, according to the latest update of the finance ministry’s list for security reviews released on Friday.
The regular update for the classifications, under the Foreign Exchange and Foreign Trade Act (FEFTA), comes a week after Seven & i rejected a $38.5 billion buyout offer from Canada’s Alimentation Couche-Tard.
(Reporting by Makiko Yamazaki, Ritsuko Shimizu, Kane Wu and Abigail Summerville; Editing by Muralikumar Anantharaman)
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