Massmart sells to shoprite
Web20 de ago. de 2024 · JOHANNESBURG, Aug 20 (Reuters) - Massmart is selling its non-core food assets to rival Shoprite Holdings for 1.36 billion rand ($89 million) to focus on businesses with high returns, the South African retailer controlled by Walmart said on Friday. Web11 de dic. de 2024 · The Competition Tribunal has approved Shoprite's proposed acquisition of certain Massmart-owned supermarkets, wholesalers and liquor stores. It also gave Shoprite the go-ahead to buy Massmart's Massfresh business too, but with a …
Massmart sells to shoprite
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Web20 de ago. de 2024 · JOHANNESBURG, Aug 20 (Reuters) - Massmart is selling its non-core food assets to rival Shoprite Holdings for 1.36 billion rand ($89 million) to focus on businesses with high returns, the South ... Web20 de ago. de 2024 · Massmart said it will use the financial proceeds from the sale to pay down drawn bank facilities, invest in eCommerce, and also in merchandise areas. Walmart-owned Massmart announced the sale of Cambridge Food, Rhino and Massfresh to Shoprite for a total consideration of R1.360 billion.
Web20 de may. de 2024 · SA’s competition authority has recommended that Massmart’s sale of Cambridge Food, Rhino and Massfresh to Shoprite for R1.36 billion be approved. This forms part of the requisite regulatory approvals, with the Competition Commission recommending to the Competition Tribunal that the deal be approved, according to a … Web23 de ago. de 2024 · August 23, 2024 7:58 AM By Dayeeta Das Massmart is selling its non-core food assets to rival Shoprite Holdings for 1.36 billion rand (€76 million) to focus on businesses with high returns, the...
Web20 de may. de 2024 · Massmart, the owner of Game and Makro, says the Competition Commission has recommended the approval of a R1.36bn sale of its fresh-food assets to Shoprite. The Competition Tribunal, which acts ... WebMassmart Holdings Limited (JSE: MSM) is a South African firm that owns local brands such as Game, Makro, Builder's Warehouse and CBW.It is the second-largest distributor of consumer goods in Africa, the largest retailer of general merchandise, liquor and home improvement equipment and wholesaler of basic foods. As of 31 October 2024, …
Web20 de ago. de 2024 · Sale will enable greater focus on high-returning trading assets. Friday, 20 August 2024. Massmart today announced the sale of certain non-core assets to Shoprite Checkers for a total consideration of R1.360 billion (one billion three hundred and sixty million rand).
Web20 de ago. de 2024 · South African retailer Massmart said on Friday it is selling its non-core food assets to peer Shoprite Holdings for 1.360 billion rand ($89.15 million) as it focuses on high-returning businesses. avatar 2 mpaa ratingWeb23 de may. de 2024 · WCellar sells wines, beers, craft beers, ciders and spirits in the hopes to compete with Spar’s Tops, Pick n’ Pay Liquor, Shoprite. Shoprite Group has cemented its position in the lower LSM ... avatar 2 neunkirchen kinoWeb20 de ago. de 2024 · The sale forms part of a turnaround plan led by Massmart CEO Mitchell Slape 20 August 2024 - 17:11Katharine ChildMassmart, owner of Builders and Game, has sold its Rhino and Cambridge food businesses to Shoprite Checkers for R1.36bn, allowing it to divest from fresh food retail and focus on its better-performing … avatar 2 on line