The announcement by Shoprite Holdings Limited, the South African supermarket chain operator, of a formal process to consider the potential sale of all or a majority stake in its Retail Supermarkets Nigeria Limited may be an opporunity for Nigerian investors, the Nigerian Investment Promotion Commission (NIPC) has said.
On Monday, Shoprite in its operational and voluntary trading update for the year ended June 2 said the commencement of the formal share sale process followed approaches from various potential investors.
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