Creador buys 6.6% into 7-Eleven Malaysia paying RM108.8mil

Profitable: For the financial year ended Dec 31, 2014, 7-Eleven Malaysia made a net profit of RM63.1mil on the back of RM1.89bil in revenue.

PETALING JAYA: Private equity firm Creador Sdn Bhd has bought a 6.56% stake in convenience chain 7-Eleven (M) Holdings Bhd for RM108.82mil (US$25.28mil).

A filing with Bursa Malaysia showed that Creador has emerged as a substantial shareholder of the 24-hour convenience chain operator last Wednesday through a direct transaction.