.
MergerLinks Header Logo

New Deal


Announced

Shoprite-owned Checkers and RTT Group to form a joint venture.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Majority

Friendly

Domestic

South Africa

delivery

Private

Delivery Services

Single Bidder

Merger

Pending

Synopsis

Edit

Shoprite-owned Checkers, a FMCG retailer, and RTT Group, a delivery company, agreed to form a joint venture. "Owning the last mile home delivery aspect of our Sixty60 service is an important part of building out our digital ecosystem for customers,. This RTT On- demand joint venture will allow the group the opportunity to continue enhancing our order fulfilment and last-mile delivery capabilities," Pieter Engelbrecht, Shoprite Group CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US