South African retail giant Shoprite to sell Nigerian unit

South African retail giant Shoprite to sell Nigerian unit

South African retail giant Shoprite to sell Nigerian unit

South African retail giant, Shoprite, plans to sell its stake in the Nigerian unit, bringing an end to about 15 years of operations in Africa’s most populous country.

Shoprite announced the planned exit in a trade update titled ‘Operational and Voluntary Trading Update (52 Weeks Ended June 28, 2020)’, saying it has been reviewing its business and had received bids from various investors.

For more information, please see https://www.theeastafrican.co.ke/tea/business/south-african-retail-giant-shoprite-to-sell-nigeria-unit–1912214

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