KKR is considering selling Japan’s Sue Supermarket, Nikkei said in a Reuters report.

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TOKYO (Reuters) – U.S. private equity fund KKR is considering a potential sale of supermarket chain Seiyu for several hundred billion yen (several billion dollars), a business daily reported on Tuesday.

The bidding process for the share sale has begun, with major retailers including Aon, Don Quijote owner Pan Pacific International Holdings and Trial Holdings, as well as an investment fund or funds submitting bids, Nike said, without citing the sources.

© Reuters FILE PHOTO: Seiu's logo is seen on one of the chain's stores in Tokyo, Japan July 12, 2018. REUTERS/Kim Kyung-hun/File photo

KKR owns 85% of Seiyu and Walmart (NYSE: ) the remaining 15%. Nikkei said Walmart’s stake could also be sold, and the final buyer would be decided around February, the paper reported.

KKR declined to comment.

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