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Japan flags foreign takeover of 7-Eleven owner as a security issue (www.reuters.com)

submitted 11 months ago by slartibartfast@lemm.ee to c/world@quokk.au

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Seven & i was classified as "core" to Japan's national security in September, raising questions as to whether it was a defensive move. The finance ministry said at the time that the classification would not create hurdles to a potential buyout.

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[–] Aussieiuszko@aussie.zone 4 points 11 months ago

Akazawa said convenience stores and their distribution networks could be utilised in the event of disaster to help bring hot food to people in affected regions, for example.

"If Seven & i's convenience store business is in foreign hands and run solely for profits, we'll have to think about various things, such as whether we can we get full support when our people affected by the disaster are suffering," he said.