Seven & i Holdings on Thursday said it would buy convenience stores and petrol stations from Texas-based Sunoco LP (SUN, -0.87%) for about $3.3 billion, as the Japanese retailer accelerates efforts to boost its U.S operation.
Seven & i, which operates the 7-Eleven chain of convenience stores, has been aggressively opening stores in Japan and the United States. In the U.S., it has been acquiring blocks of stores from local retailers.
