Walmart aims to buy out Massmart in Africa

Date : 29 August 2022

Stewart Samuel

Director of Retail Futures

Walmart and Massmart have reached an agreement in principle on a R6.4 bn offer from Walmart to acquire the outstanding shares (47%) in Massmart that it does not already own. Missed expectations Walmart initially acquired a 51% stake in Massmart in 2011. While it was seen as a long-term…

To continue reading...

Please log into your account

With a free account you can access:

In-depth articles on the latest developments in the industry

Free guides and whitepapers from our functional experts

Access to a range of topic-specific newsletters