Investec acts as financial advisor and transaction sponsor to Shoprite on its acquisition of the Cambridge Food, Rhino Cash and Carry, Massfresh and selected Masscash Cash and Carry assets from Massmart, for a maximum consideration of R1.4 billion.

Our role

Investec acted as financial advisor and transaction sponsor to Shoprite, one of Africa’s leading retailers, in an all-cash acquisition of the Cambridge Food, Rhino Cash and Carry, Massfresh and selected Masscash Cash and Carry assets from Massmart, for a maximum consideration of R1.4 billion. Shoprite considers the transaction an ideal opportunity to utilise its operational capabilities to benefit these businesses and its customers, staff, suppliers and shareholders.

 

About Shoprite

Shoprite is the largest supermarket retailer on the African continent, with over 140,000 employees, thousands of stores and a network of distribution centres across 14 countries. Over 24 million people shop in Shoprite’s footprint of more than 2,892 stores every day.

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Disclaimer

The information contained in this communication is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. As product supplier, Investec is not in a position to have regard to the specific investment objectives, financial situation or particular needs of any specific recipient. The sender accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this communication. Investec does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. Investment Bank South Africa, a division of Investec Bank Limited. Reg. No. 1969/004763/06. A member of the Investec group of companies. Investec Bank Limited is regulated by the South African Reserve Bank and is an Authorised Financial Services Provider and Credit Provider.