Africa’s biggest grocery retailer Shoprite is in talks with Steinhoff about buying its African assets in an all-share deal that would create a group with $15 billion in annual sales, the pair said yesterday. The deal, whose value was not disclosed, would form a no-frills retailer spanning food, furniture and clothes and underline the determination of tycoon Christo Wiese to [...]
The post Shoprite in merger talks with Steinhoff appeared first on The Ghanaian Times.
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