ABUJA (Reuters) – Nigerian property group Persianas is buying Shoprite’s business in Nigeria as the South African retailer retreats from other African markets, three banking sources told Reuters on Wednesday.
Who buys Shoprite?
TheCable understands there is a corporate tussle among three entities to bite into the larger stake of the retailer. Persianas Nigeria Limited, a property development company, owned by Tayo Amusan, is said to be the preferred bidder for the Shoprite stake. Amusan is a businessman invested in property development.
Is it true that Shoprite is leaving Nigeria?
The continent’s largest grocery retailer, Shoprite, is the latest South African player to exit Nigeria. The Christo Wiese chaired retailer, which has been in the country for 15 years, announced the move on Monday with its year-end results.
Why is Shoprite closing in Nigeria?
According to the company, it has taken a decision to leave “following approaches from various potential investors” looking to invest in the Nigerian entity. The group also said the decision is in line with its “re-evaluation of the Group’s operating model in Nigeria” one of the 15 countries where it currently operates.
Which Shoprite is the biggest in Nigeria?
Coming in at number one in our list is the Shoprite in Lekki, which is also called the Novare Lekki Mall. As it stands right now, this is the largest Shoprite in Nigeria.
How old is Shoprite in Nigeria?
Since opening our first store in Lagos in December 2005, we have launched an additional 25 stores across eight states in the Federation including the Federal Capital Territory (FCT), Abuja. We employ more than 2000 people, of which 99% are Nigerian citizens.
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How much is Shoprite worth in Nigeria?
Africa’s largest retail chain, Shoprite, announced on Monday that it is in the process of divesting from its Nigerian operation — Retail Supermarkets Nigeria Ltd.
Who is the real owner of Shoprite?
Shoprite is owned by South African billionaire called Mr. Christo Wiese, he founded Shoprite in 1979, ever since then it has become the largest food retailer in Africa.
Which state is the richest in Nigeria?
List of Nigerian states by GDP
|Rank||State||GDP (in millions of USD)|