Seven Bank Seeks to Expand Cash-Machine Network Beyond 7-Elevens

Seven Bank Ltd., which is partly owned by Seven & i Holdings Co., will seek to expand its ATM cash machine network beyond its parent company’s 7-Eleven shops into other convenience stores, Chief Executive Officer Masaaki Matsuhashi said.

Although nothing has been decided, deconsolidation from Seven & i resulting from a reduction of its stake in Seven Bank would make such a scenario more possible, Matsuhashi told analysts in a briefing Monday. “There would be greater freedom,” Matsuhashi said. “Other shops and convenience stores other than 7-Eleven are possible.”

Seven & i, which is facing a takeover approach ...