A Nigerian Investment company, Ketron, has acquired Shoprite Nigeria in a deal that will see the retail chain continue operations in the country.  The deal, which has been in the pipeline for some months, was finally sealed on Monday, May 31, 2021, and private equity fund management firm, MBO Capital as well as KPMG provided …

Ketron Investment Announces Takeover of Retail Supermarkets Nigeria Limited, owner and operator of Shoprite stores in Nigeria Read More »

The announcement that one of the first South African companies to expand into Nigeria – Shoprite, was divesting its holdings in Nigeria came as a shocker last year. As much as was publicly known, the company was not financially distressed, nor had it fallen into corporate or diplomatic hassles that could have necessitated its exit …

Chronicling Shoprite’s Acquisition And Why Initial Fears May Be Premature Read More »