Marathon Petroleum Corp (FRA:MPN)
€ 126.04 -3.52 (-2.72%) Market Cap: 41.28 Bil Enterprise Value: 71.04 Bil PE Ratio: 10.73 PB Ratio: 2.32 GF Score: 79/100
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Seven & i Holdings Co Ltd Acquisition of Speedway Conference Call Transcript

Aug 03, 2020 / NTS GMT
Release Date Price: €31.6 (+0.33%)
Ryuichi Isaka
Seven & i Holdings Co., Ltd. - President & Representative Director

Good morning, everyone. My name is Isaka, President and Representative Director of Seven & i Holdings. Thank you for taking the time to participate in today's briefing despite it being held on such short notice. With a view toward preventing the spread of COVID-19, today's presentation will be conducted in teleconference form so we ask for your understanding.

Early morning today, Japan Standard Time, we entered a contract with the Marathon Petroleum Corporation in the United States for the acquisition of Speedway, their convenience store business. We consider this to be the chance of a lifetime for 7-Eleven, Inc., which we consider a growth driver for the Seven & i Group to further secure its position as a clear market leader in the North American market, which is expected to continue to deliver significant economic growth. In addition, not just in North America, to further strengthening the 7-Eleven brand, which already possesses over 70,000 stores worldwide, we consider this historic integration to be

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