South African retail giant ShopRite says it may sell ‘all or a majority stake’ in Nigeria business

South African retail giant ShopRite says it may sell ‘all or a majority stake’ in Nigeria business

In a statement released Monday, the company said it is re-evaluating its operating model and has been approached by many investors willing to take over its Nigerian stores. It added that it has decided to initiate a formal process to consider the sale of all or a majority stake in its retail supermarkets in the … Read more