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,

KKR & Co. Inc. (KKR) said on Wednesday it will sell its stake in the Japanese distribution and retail business operator Seiyu to Trial Holdings, Inc., representing a “significant outcome” for the private equity giant.

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