Japan's Seven & I, the parent company of the Japanese 7-Eleven convenience store chain, says it is selling its supermarket store assets to Bain Capital for about $5.4 billion.

Japan's Seven & I, the parent company of the Japanese 7-Eleven convenience store chain, says it is selling its supermarket store assets to Bain Capital for about $5.4 billion.

Bain Capital aims to list Seven & i Holdings' supermarket and retail business in around three years after boosting synergies within the group, an executive of the U.S. private equity firm said on Thursday.

Lead outside director Stephen Dacus was named the Japanese company’s first foreign CEO. Read more at straitstimes.com.

Japan’s Seven & i, the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 billion.