Announced
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.
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