7-Eleven Store Operator Seven & i Reclassified Under Japan's Investment Rules: What Does It Mean For $39B Couche-Tard Deal?

On Friday, Japan’s Ministry of Finance released a list of 88 companies that serves as a guide for foreign investors. The so-called “Classification List” under the Foreign Exchange and Foreign Trade Act (FEFTA) is meant to assess if companies must submit a prior notification when making inward direct investments or engaging in equivalent activities with Japanese-listed companies. Initially released in May 2020, this update marks the sixth revision to the list. Along with other additions, the list included the much-talked-about Seven & i Holdings Co. (OTC:SVNDF) (OTC:SVNDY). See Also: Retail Sales ...