TOKYO (Reuters) – Japan’s Seven & i Holdings Co Ltd has decided to sell its Sogo & Seibu department store unit to U.S. fund Fortress Investment Group, people familiar with the matter said on Friday.
Seven & i held an extraordinary board meeting on Friday to decide on the sale to the SoftBank Group Corp controlled fund, the people said.
(Reporting by Mariko Katsumura, Ritsuko Shimizu and Rocky Swift; Editing by Christopher Cushing)
