7-Eleven Buys Australia Stores For $1.71 billion

7-Eleven International LLC announced today the successful completion of its acquisition of 7-Eleven Australia convenience stores. The two companies agreed to the $1.71 billion deal in November 2023. With the closing, 7-Eleven International adds more than 750 stores in Australia to its portfolio.

“We are thrilled to become one team and create stronger synergy with 7-Eleven Australia,” said Ken Wakabayashi, President and CEO of 7-Eleven International. “For nearly 50 years, the 7-Eleven Australia team has built the legacy of the brand as a top choice for convenience. Together, we can enhance customer experience in the store.”

The companies identified opportunities to transform 7-Eleven Australia’s merchandise and fuel offer, expand product assortment and introduce new high-quality fresh foods.

“It is about continuing to grow our store network in Australia and providing unrivalled customer experiences and quality products,” said Angus McKay, 7-Eleven Australia CEO and Managing Director. “My team and I are looking forward to taking advantage of 7-Eleven International’s deep experience in convenience retailing with the leadership of Executive Chairman, Shin Abe.”

With the successful transition of ownership, 7-Eleven International furthers Seven & i Holdings’ commitment to global growth and enhancing the 7-Eleven brand.

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