Billionaire Hisao Nagata’s Trial Holdings said the acquisition of Seiyu Co. would expand his company’s sales to more than ¥1.2 trillion.

KKR and Walmart have agreed to sell Seiyu for about $2.5 billion, ending foreign ownership of one of Japan’s most well-known supermarket operators. The U.S. investment company plans to sell its 85% stake in Seiyu,

Four years after Walmart sold a majority stake in Japanese grocery retailer Seiyu for $1.6 billion, it is selling the remainder of its ownership to Trial Holdings in a