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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.
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.
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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