03 February 2022 1 Min Read

NEWS LEADER

WATCH: Pepkor expands into South America with Brazil acquisition

Business Day TV speaks to Pepkor CEO Leon Lourens

in Companies by Business Day TV
Pep owner Pepkor employs about 47,000 people across 10 African countries. Picture: ALAISTER RUSSELL
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Pepkor is expanding into South America and has bought an 87% stake in Brazilian merchant Grupo Avenida.

The retailer did not put a price on the acquisition, but has shared that it was less than 4% of the group’s market value, or less than R3.2bn.

Business Day TV spoke to CEO Leon Lourens for more detail.

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