WATCH: Pepkor expands into South America with Brazil acquisition
Business Day TV speaks to Pepkor CEO Leon Lourens
03 February 2022 - 20:30
byBusiness Day TV
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NEWS LEADER
WATCH: Pepkor expands into South America with Brazil acquisition
Business Day TV speaks to Pepkor CEO Leon Lourens
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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