Fidelity bank banner Bayelsa State banner
Steinhoff Africa Retail looks to acquire 23 percent of Shoprite

By News Express on 01/12/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 602


South Africa’s Shoprite confirmed on Friday that Steinhoff’s African subsidiary has exercised call options to acquire a 23.1 percent stake and 50.6 percent voting control in Africa’s largest grocer.

Steinhoff Africa Retail, or STAR, said in August it would look to acquire a controlling stake in supermarket operator Shoprite in a share deal worth 35.5 billion rand that would give it exposure to shoppers in South Africa and 14 other African markets.

Shoprite said STAR’s investment would be subject to a number of conditions including various merger filings. (Reuters)

Source News Express

Posted 01/12/2017 9:11:25 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Relocate now, NEMA urges communities along rivers and...

Nigeria launches national policy on climate change

NCAA bans Ethiopian airline from unauthorised charges

Japan pledges $10bn for African infrastructure

Uduaghan in Poland, laments impact of climate change...

Abuja court jails bricklayer for stealing 2 packets...

7 Nigerian universities incorporated into world technology network...

Dogara to Buhari: Sign Bill mandating submission of...

Lagos Business School emerges first African on CEO...

Breaking News: Lawmakers impeach Nigerian deputy governor

Insecurity: Akwa Ibom holds stakeholders’ meeting

269 die in meningitis outbreak

 

Latest News IMAGES OF 2018 NiOMA Abia State: Welcome to the new economic frontier of Nigeria, By Sam Hart Money Politics: Lessons from Ekiti governorship election, By Pelumi Olajengbesi Ace Broadcaster Lara Owoeye-Wise loses mother Why kidnappers are after me — Mikel Obi’s father •Opens up on strained relationship with Mikel Buhari, APC, governors woo Saraki with juicy offers 9 family members perish in boat mishap Apostle Sulaiman under attack over failed prophesy on Ekiti election Osinbajo orders 72-hour joint operation to clear Apapa traffic gridlock Killings, greatest threat to Nigeria’s existence — Dickson I’m no longer in APC, Gov. Ortom insists Alex Otti back in the race for Abia governorship

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (363,378 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (359,113 views) Shameless Genevieve Nnaji exposes breasts in public (287,521 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,934 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (215,233 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,920 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (187,025 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,973 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,557 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (153,266 views) Lagos plane crash: Journalist releases victims’ names (148,042 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (139,158 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,364) Business Verdict (48) Columnists (890) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (616) Global Business Monitor (286) International (2,153) Interview (158) Live Commentary (28) Love Matters (127) News (37,326) Opinion (1,024) Pidgin (10) Politics (5,631) Religion (788) Sports (1,612) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigerian detainees send SOS from Osama prison

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement