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Announced

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

Financials

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Transaction Value£321m
Consideration TypeCash
Capital Owned53%
Capital Bid For47%
EV/Sales-
EV/EBITDA-
Share Price Premium53%
One Off Charge-

Tags

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Diversified Retailers

South Africa

Cross Border

wholesale

Privatisation

Friendly

consumer retail

Pending

Acquisition

Single Bidder

Public

Majority

Synopsis

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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.

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