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Announced

29 Aug 2022

Walmart to acquire the remaining 47% stake in Massmart for ZAR6.4bn.

Synopsis

Walmart, a retail corporation, agreed to acquire the remaining 47% stake in Massmart, a retail and wholesale group, for ZAR 6.4bn ($378m). The potential offer will enable Walmart to continue its overweight support as a long term shareholder and allow eligible Massmart Shareholders the opportunity to realise value now.

Principals

target

MASSMART

bidder

Walmart

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Market Context

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Seller Team (2)

mitch slape

CEO at MASSMART

Manager

target

Deals

£ 404 M

Total Value

mohammed hoosen abdool-samad

CFO at MASSMART

Manager

target

Deal

£ 321 M

Total Value

Bidder Team (6)

john rainey

Executive VP and CFO at WALMART INC

Manager

bidder

Deals

£ 321 M

Total Value

doug mcmillon

President and CEO at WALMART INC

Manager

bidder

Deals

£ 39.95 B

Total Value

lionel shawe

Partner at White & Case

Advisor Lawyer

bidder

Deals

£ 5.04 B

Total Value

craig atkinson

Partner at White & Case

Advisor Lawyer

bidder

Deals

£ 414 M

Total Value

stef de gouveia

Associate at White & Case

Advisor Lawyer

bidder

Deals

£ 321 M

Total Value

alex cullinan

Partner at White & Case

Advisor Lawyer

bidder

Deals

£ 321 M

Total Value

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