TOKYO (Reuters) – Apollo Global Management (NYSE:) is considering investing up to 1.5 trillion yen ($9.5 billion) in a management buyout of Japan's Seven & i Holdings, Bloomberg News said on Friday, citing several people familiar with the matter. .
Under the plan, Seven&i's founding family will invest 500 billion yen in stocks, trading firm Itochu Corp. will invest more than 1 trillion yen in stocks, and Apollo up to 1.5 trillion yen in preferred stocks, according to the report.
In an interview with Reuters, Apollo declined to comment on whether it was involved with parties to the Seven&i deal.
($1 = 158.2300 yen)
