In a statement on Tuesday, Ketron, owned by a group of investors led by
Persianas Investment Limited, said the change in ownership has also received
the approval of the Nigeria’s the Federal Competition and Consumer Protection
Commission (FCCPC).
Shoprite Holdings is Africa’s largest food retailer,
operating 2,843 supermarkets in 15 countries and serving 35 million customers
in Africa and the Indian Ocean Islands; its supply chain includes over 300
local suppliers comprising small businesses and farmers has announced its
intention to sell off its investment in Nigeria last year
“We are thrilled to complete the acquisition of Shoprite,
ensuring the continued operations of one of the biggest retail success stories
in Nigeria,” Tayo Amusan, Chairman of Ketron, Tayo Amusan said,
“We look forward to building an even stronger company
following our acquisition and are excited about the greater impact we will
achieve to the benefit of our customers and other stakeholders now and well
into the future,” he said.
Persianas owns the major buildings that house Shoprite
outlets in Lagos, Ilorin, among others.
Since its launch in Lagos in December 2005, Shoprite has
expanded to 25 outlets across 11 states and Abuja, FCT.
Ketron acquired 100% ownership of Shoprite in Nigeria and
will continue operations across all existing outlets, with plans to open
additional stores and introduce more Nigerian-made products, the statement
said.
“It is our vision to create fundamental change for the
better within Nigeria,” said Amusan.
Professional services firms, KPMG Advisory Services, MBO
Capital Management Limited and Banwo & Ighodalo advised Ketron on the deal.
Jide Ogundare, CEO, MBO Capital, in his comment, said: “With
the plans we have in place, and with the support of the larger Shoprite family
in Nigeria including our staff and every Nigerian shopper that walks through
our doors, we are confident of success.”
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