Will South African Shoprite travel to Europe ?

An article by La rédaction

Publication

18 September 2017 à 12h14

Updated on 20 December 2024 à 16h06

Reading time

2 minutes

Publication: 18 September 2017 à 12h14, Updated on 20 December 2024 à 16h06

Reading time: 2 minutes

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An article by La rédaction

Publication

18 September 2017 à 12h14

Updated on 20 December 2024 à 16h06

Reading time

2 minutes

Publication: 18 September 2017 à 12h14, Updated on 20 December 2024 à 16h06

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
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In August 2017, Steinhoff International Holdings (known as “Africa’s Ikea”) finally unveiled a plan to buy 22.7% of Shoprite, Africa’s largest supermarket operator by sales. Steinhoff will have 50% of voting rights for an investment of US$2.6 billion. To help fund the purchase, Steinhoff willlist its retail branch called Steinhoff Africa Retail (STAR) on the Johannesburg’s stock exchange by October 2017, buying the stake as part of an eventual spinoff sale. In January 2017, the billi

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