Japan's Itochu seeks to bring Seven Bank ATMs to FamilyMart in tie-up
TOKYO -- Japanese trading house Itochu will branch out into the banking business through a capital tie-up with Seven Bank, with plans to install Seven Bank ATMs at the subsidiary FamilyMart convenience store chain.
The copmpany is in talks to take a roughly 10% stake in Seven Bank, a subsidiary of 7-Eleven parent Seven & i Holdings, with plans to possibly increase the interest to around 20% in the future.
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