Wal-Mart Stores Inc , has made a formal bid to pay $2.1 billion for control of South Africa's Massmart, a deal that would give the world's largest retailer a major foothold in fast-growing Africa. Wal-Mart would pay 148 rand for a 51 per cent stake in the South African discount retailer, valuing the deal at 15.2 billion rand ($2.13 billion)
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Massmart into Wallmart
Replies (2)
good one
but what is massmart
Massmart engages itself in the distribution of branded consumer goods for cash, through 288 stores in 14 countries in sub-Saharan Africa
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