TOKYO (Reuters) – Apollo Global Management (NYSE: ) is considering investing up to 1.5 trillion yen ($9.5 billion) to buy the management of Japan’s Seven & i Holdings, Bloomberg News said on Friday, citing multiple people. with knowledge about the matter. .

Under the plan, Seven & i’s founding family will invest 500 billion yen in equity, trading company Itochu Corp will invest more than 1 trillion yen in equity, and Apollo up to 1.5 trillion yen in preferred shares, according to the report.

In an interview with Reuters, Apollo declined to comment on whether it had engaged parties for a deal with Seven & i.

($1 = 158.2300 yen)