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Shoprite gets approval to buy stores from Makro and Game owner
The Competition Tribunal has approved the Shoprite Group's proposed transaction to buy numerous Massmart-owned wholesalers, supermarkets, and liquor stores, but with extensive conditions.
Earlier this year, Shoprite offered Massmart R1.36 billion to buy 56 Cambridge Food and Rhino Cash and Carry grocery outlets, and 43 adjacent liquor stores.
The Competition Tribunal has approved the Shoprite Group's proposed transaction to buy numerous Massmart-owned wholesalers, supermarkets, and liquor stores, but with extensive conditions.
Earlier this year, Shoprite offered Massmart R1.36 billion to buy 56 Cambridge Food and Rhino Cash and Carry grocery outlets, and 43 adjacent liquor stores.