OREANDA-NEWS. August 17, 2012. 7-Eleven, Inc. (headquarters: Texas, U.S.; President and Chief Executive Officer, Joseph M. DePinto), a subsidiary of Seven & i Holdings Co., Ltd., has signed an agreement with Tetco, Inc. for the acquisition of retail interests and wholesale assets.

The details are provided below:

Purpose of an agreement

This agreement will contribute to the expansion of store network and higher revenues and profits from convenience store operations in North America.

Overview of the assets

(1) Area:

Texas and Utah, U.S.

(2) Assets:

174 convenience stores (planned) and motor fuel wholesale business

3. Overview of Tetco, Inc.

(1) Name:

Tetco, Inc.

(2) Representative:

President, Gerry Telle

(3) Location of headquarters:

Texas, U.S.

(4) Major business activities:

Fuel retail, wholesale, and distribution

Operations of 176 convenience stores located in Texas and Utah

4. Schedule of acquisition

Closed date of acquisition (planned):

November, 2012

5. Outlook

The agreement will have only a minimal effect on the Company's consolidated results for the fiscal year ending February 28, 2013, but this asset purchase is expected to contribute to profits over the medium to long-term.