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Shoprite deal awaits FCCPC approval as parties agree to franchising arrangement with Persianas


Shoprite Nigeria is awaiting FCCPC approval to conclude its sale to Nigerian property development company, Persianas. Nairametrics reported last year that Shoprite South African holdings was looking to spin off its Nigerian assets as it moves to decouple struggling businesses outside South Africa. Shoprite also sold off its interest in Kenya.
According to sources with knowledge of the matter, the Nigerian sale is awaiting regulatory approval from FCCPC an acronym for the Federal Consumer Competition Protection Commission, a relatively new regulatory body that wields enormous power including approving mergers and acquisitions that affect the interest of consumers. It is unclear how long the transaction will take to be consummated. ....

South Africa , April Nairametrics , Consumer Protection Council , Consumer Competition Protection Commission , Retail Supermarkets Nigeria Ltd , Consumer Protection Commission , Shoprite Nigeria , Shoprite South African , Nigerian Federal Competition , Federal Competition , Palms Shopping , நுகர்வோர் ப்ரொடெக்ஶந் சபை , சில்லறை பல்பொருள் அங்காடிகள் நைஜீரியா லிமிடெட் , நுகர்வோர் ப்ரொடெக்ஶந் தரகு , கடை நைஜீரியா , நைஜீரியன் கூட்டாட்சியின் போட்டி , கூட்டாட்சியின் போட்டி , உள்ளங்கைகள் கடையில் பொருட்கள் வாங்குதல் ,