Tribunal gives Cambridge sale to Shoprite the go-ahead
Massmart has to sell 10 stores to independent historically disadvantaged buyer within 12 months
11 December 2022 - 19:57
The Competition Tribunal approved the sale of Massmart’s struggling Cambridge grocery business to Shoprite on Friday night, adding stringent conditions in a deal set to save 7,000 jobs.
Shoprite was to pay R1.36bn for 56 Cambridge Food, Rhino discount stores and Massfresh — which comprises The Fruitspot and a meat processing facility — as well as 12 Cash & Carry wholesale stores. ..
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