Family Mart Co. to buy am/pm Japan.
Family Mart Co. said Nov. 13 it well acquire smaller rival am/pm Japan Co. on Dec.24 and turn it into a subsidiary in a bid to boost its competitiveness with other rivals amid slow consumption.
The trans action is said to be worth ￥12 billion.
With and am/pm Japan, ranked seventh in the industry, will have a combined tatal of about 8,700 stores in Japan.
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