Jr Kyushu Retail,Inc. agreed to acquire convenience store chain expansion in Fukuoka, Oita and Kumamoto from FamilyMart Co. Ltd. (TSE:8028) for approximately ¥600 million on January 12, 2016. The consideration will be paid in cash. A contract was signed on January 21, 2016. The acquired business reported sales of ¥3.8 billion and total assets of ¥281 million. The deal was approved the Board of Jr Kyushu Retail on January 12, 2016. Jr Kyushu Retail expects the transaction to close on February 9, 2016. FamilyMart expects the partial transaction completion on March 1, 2016 and March 23, 2016. Jr Kyushu Retail,Inc. cancelled the acquisition of convenience store chain expansion in Fukuoka, Oita and Kumamoto from FamilyMart Co. Ltd. (TSE:8028) on January 21, 2017.