TOKYO (Reuters) – Finance Minister Shunichi Suzuki mentioned on Tuesday that Japanese retail large Seven & i Holdings’ new standing as an organization “core” to nationwide safety wouldn’t increase further hurdles to a possible buyout.

Seven & i, the proprietor of 7-Eleven comfort shops which lately rejected a $38.5 billion buyout provide from Canada’s Alimentation Couche-Tard, was amongst 88 corporations newly added to the record final week.

When an organization is categorised as core, international entities searching for to purchase a stake of 1% or extra in a Japanese agency should in precept file for a nationwide safety evaluate with the Japanese authorities previous to the acquisition.

In circumstances the place management is sought, nevertheless, Suzuki mentioned prior notification for a evaluate is obligatory “regardless of whether they are categorised as core or non-core.”

“We can’t say the core classification makes a buyout more difficult,” he added.