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Shoprite sells Nigerian business to local firm Ketron


Shoprite sells Nigerian business to local firm Ketron
02 June 2021 - 17:44 By Nqobile Dludla
Since its launch in Lagos in December 2005, Shoprite has expanded to more than 25 retail stores across Nigeria, including some of the largest in West Africa.
Image: REUTERS/Afolabi Sotunde/File Photo
Shoprite Holdings has sold its Nigerian business to local buyer Ketron Investment, nearly 16 years after the retailer opened its first outlet in the country.
Shoprite entered into a share purchase agreement with Ketron, a Nigerian company owned by a group of institutional investors led by property group Persianas, for the disposal of its entire interest in Retail Supermarkets Nigeria Limited, the companies said. ....

South Africa , South African , Tayo Amusan , Shoprite Group , Shoprite Holdings , Retail Supermarkets Nigeria , Ketron Investment , Retail Supermarkets Nigeria Limited , Chairman Tayo Amusan , கடை குழு , கடை ஹோல்டிங்ஸ் , சில்லறை பல்பொருள் அங்காடிகள் நைஜீரியா , சில்லறை பல்பொருள் அங்காடிகள் நைஜீரியா வரையறுக்கப்பட்டவை ,