Data provided by iNet BFA
Loading...
See More

Shoprite expands in Mauritius

Sep 15 2011 18:17 Reuters

Company Data

SHOPRITE HOLDINGS LIMITED [JSE:SHP]

Last traded 165.87
Change 2.1
% Change 0.01
Cumulative volume 188586
Market cap 95.02bn

Last Updated: 28/07/2014 at 11:55. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Shoprite gears up to take on Walmart

Shoprite beats profit expectations

Shoprite-Metcash merger gets nod

Shoprite to miss sales forecasts

SA retailers lose allure after Walmart

Retail competition to increase imports

 
Port Louis - Shoprite Holdings [JSE:SHP], the continent's biggest grocery retailer, acquired two supermarkets in Mauritius, it said on Thursday, as it increases its footprint in Africa.

Kaddy Plus as the stores are named are situated in the capital city, Port Louis and in Tamarin on the West coast of the island.

"This acquisition is in line with the group expansion strategy on the island," Shoprite said in a statement, without saying how much it spent.

Shoprite has been present in Mauritius for eight years, and their most recent acquisition brings their branches to three.
shoprite  |  africa  |  mauritius
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No more nice-to-have shopping sprees

Fin24 user Asia writes how she managed to rehabilite herself from splurging on feel-good iitems and keep clean from the bondage of lifestyle debt.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...