Japan's Trial Holdings said on Wednesday it would spend 382.6 billion yen ($2.55 billion) to acquire the Seiyu supermarket chain controlled by U.S. private equity fund KKR. Trial said in a release it would use existing cash and newly arranged bank borrowings to purchase Seiyu and make it a wholly owned subsidiary.

It’s been four years since Walmart officially sold a majority of its shares in the Japanese supermarket chain Seiyu to global investment firm KKR and internet services company Rakuten. Now on March 5,

Japanese discount supermarket chain operator Trial Holdings Inc said Wednesday it will acquire rival Seiyu Co for 380 billion yen and make it a wholly owned subsidiary, creating a retail group with sales exceeding 1 trillion yen.

KKR and Walmart have agreed to sell Japanese supermarket chain Seiyu for about $2.5 billion to Japanese retailer Trial Holdings