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Shoprite expands in Mauritius

Sep 15 2011 18:17 Reuters

Company Data

SHOPRITE HOLDINGS LIMITED [JSE:SHP]

Last traded 154.71
Change 1.13
% Change 0.01
Cumulative volume 1444839
Market cap 88.63bn

Last Updated: 30/10/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

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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
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