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Shoprite Nigeria is awaiting FCCPC approval to conclude its sale to Nigerian property development company, Persianas. Nairametrics reported last year that Shoprite South African holdings was looking to spin off its Nigerian assets as it moves to decouple struggling businesses outside South Africa. Shoprite also sold off its interest in Kenya. According to sources with knowledge of the matter, the Nigerian sale is awaiting regulatory approval from FCCPC an acronym for the Federal Consumer Competition Protection Commission, a relatively new regulatory body that wields enormous power including approving mergers and acquisitions that affect the interest of consumers. It is unclear how long the transaction will take to be consummated.

South africaApril nairametricsConsumer protection councilConsumer competition protection commissionRetail supermarkets nigeria ltdConsumer protection commissionShoprite nigeriaShoprite south africanNigerian federal competitionFederal competitionPalms shoppingநுகர்வோர் ப்ரொடெக்ஶந் சபைசில்லறை பல்பொருள் அங்காடிகள் நைஜீரியா லிமிடெட்நுகர்வோர் ப்ரொடெக்ஶந் தரகுகடை நைஜீரியாநைஜீரியன் கூட்டாட்சியின் போட்டி