Seven & i Holdings Co Ltd Acquisition of Speedway Conference Call Transcript
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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