Pepkor will get a business operating more than 400 stores in South Africa, Botswana, Lesotho, Namibia, Eswatini and Zambia. The deal excludes the Angola and Mozambique operations.
It also includes the Shoprite Furniture credit loan book and related insurance arrangements in addition to inventory and certain fixed assets, Pepkor said.
Source link : https://www.cnbcafrica.com/2024/south-africas-shoprite-sells-furniture-business-to-pepkor/
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Publish date : 2024-09-03 07:00:00
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