Shoprite Sells Off 100% Of Its Shares In Its Nigerian Subsidiary
NoireTv Africa If you live in the USA, NoireTV now showing nationwide on Verizon Fios on channel 269. Press 269 on your remote control. NoireTV now on Verizon Fios Channel 269. Press 269 on your remot e control. Follow us on Instagram @ no i r etv afri ca and on Fa c ebook ... www.facebook.com/caspennoire Shoprite Group has announced this in its unaudited results for the 26 weeks to 27 December 2020 in which sale of merchandise increased by 4.7% to R83.4 billion while its trading profit increased by 18.3% to R4.7 billion. The Group confirms that the terms of sale have been concluded for the disposal of a 100% equity stake in its Retail Supermarkets Nigeria Ltd subsidiary. The transaction has been lodged with the Nigerian Federal Competition and Consumer Protection Commission (FCCPC) for approval. Management expects the transaction to be approved by the end of the 2021 financial year. Management is in the process of conclu...