Japan's Seven & i Holdings , operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday.

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Japan's Seven & i Holdings, operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday.

Bain is believed to have offered a valuation of more than 700 billion yen ($4.7 billion) for York Holdings, the Nikkei newspaper and Jiji news agency reported.