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Nigerian Company, Ketron, Acquires Shoprite Stores - Business - Nairaland

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Ketron Investment Limited Acquires Shoprite Nigeria / Nigerian Firm, Ketron, Acquires Shoprite Stores / Ketron Investment Limited Acquires Shoprite Nigeria (2) (3) (4)

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Nigerian Company, Ketron, Acquires Shoprite Stores by maximunimpact(m): 7:43am On Jun 02, 2021
Nigerian company, Ketron, Acquires Shoprite Stores – Ketron Investment Limited, a Nigerian firm has completed the acquisition deal of Retail Supermarkets Nigeria Limited (RSNL), owner and operator of the Shoprite stores in Nigeria.

Ketron is owned by a group of investors led by Persianas Investment Limited, a statement from Ketron, said on Tuesday.

NEPC, Commonwealth collaborate on production of professional service export data

It said the change in ownership has also received the approval of the Nigerian regulator, the Federal Competition and Consumer Protection Commission (FCCPC).

Daily Trust had reported the process of Shoprite acquisition in Nigeria since last year when the South African retail giant announced it was divesting its retail outlet in the country.

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.

Speaking on the acquisition, Chairman of Ketron, Tayo Amusan said, “We are thrilled to complete the acquisition of Shoprite, ensuring the continued operations of one of the biggest retail success stories in Nigeria.”

Amusan who also owns Persianas added: “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”.

It was also learnt that Persianas own 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.”
https://www.financialwatchngr.com/2021/06/02/nigerian-company-ketron-acquires-shoprite-stores/

32 Likes

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by FBIBOT(m): 7:45am On Jun 02, 2021
wink

3 Likes 2 Shares

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by SanctifiedSista(f): 7:47am On Jun 02, 2021
Good news
I hope my supply deal remains intact

60 Likes 2 Shares

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by samwash(m): 7:53am On Jun 02, 2021
Hope the brand name wouldn't be changing very soon.
Let the new owner try to improve on the quality of services rendered. Make we nor hear stories that touch.

13 Likes

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Mynd44: 7:54am On Jun 02, 2021
I hope Ketron is removing Harry Akande's money before paying shoprite

40 Likes 4 Shares

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Kriss216: 7:55am On Jun 02, 2021
Who is Harry Akande?

What business does he have with Ketron?

6 Likes 1 Share

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by bcomputer101: 7:55am On Jun 02, 2021
I want to ask, who owns ketron?

20 Likes 2 Shares

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by ArewaNightmare: 7:55am On Jun 02, 2021
grin NIGERIANS doing great while Buhari and his Fulani marauders are busy destroying it and blame others

18 Likes 2 Shares

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by ainas247: 7:56am On Jun 02, 2021
cool Nice move...

Meanwhile if I can rank your website to google page one, chat up now

1 Like 1 Share

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Skillsnigeria: 7:56am On Jun 02, 2021
That's good
Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Nobody: 7:56am On Jun 02, 2021
This was possible because the management of the company is headed by a FEMALE.

Bravo Ketron.

The FUTURE is FEMALE



Topmaike007:
taa keep kwayet jare... Why you run commot for thread wey dem talk say woman molest 17yrs old boy undecided
BRATISLAVA:


According to the criminal complaint, the 17-year-old confirmed the relationship to detectives, stating he was 'in love' with Dibbs and was upset with the person who 'snitched' on their involvement.

Let men use the same line of defense they used with baba ijesha, or don't you think the woman was set up?

Firstly, the boy was not molested or raped. He was dating the woman.
Secondly, how many of such case do you hear or see in Nigeria?
Thirdly, the woman was setup.

9 Likes 1 Share

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by handsomeyinka(m): 7:56am On Jun 02, 2021
..
Re: Nigerian Company, Ketron, Acquires Shoprite Stores by iamyemiakins(m): 7:56am On Jun 02, 2021
shocked
Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Teejay13(m): 7:56am On Jun 02, 2021
A good move by ketron
Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Antijihad: 7:56am On Jun 02, 2021
K
Re: Nigerian Company, Ketron, Acquires Shoprite Stores by punisha: 7:57am On Jun 02, 2021
Their stay was well rewarded by heavy patronage.

They won't be missed.

Ketron Abi voltron it is left for you to keep up to or above standards....congrats.

5 Likes 2 Shares

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by handsomeyinka(m): 7:57am On Jun 02, 2021
Mynd44:
I hope Ketron is removing Harry Akande's money before paying shoprite
Abi ooo...lol.

1 Like 1 Share

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by bewla(m): 7:57am On Jun 02, 2021
And increase the price



Don't forget to add that part

2 Likes 1 Share

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Chigold101(m): 7:57am On Jun 02, 2021
Ok
Re: Nigerian Company, Ketron, Acquires Shoprite Stores by pickatyouu: 7:57am On Jun 02, 2021
Good luck. Hope service improves or better still remain same, instead of getting worse.
Congratulations.

9 Likes 1 Share

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Akpuobi1: 7:57am On Jun 02, 2021
Hope Shoprite standard and level of service is maintained by Ketron?
cool cool cool

5 Likes

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Omihanifa: 7:57am On Jun 02, 2021
The truth is that with Nigerians now fully in charge, one can't really beat his chest as regards quality again undecided because the competition is much for them and they will want to do everything to survive the heat

12 Likes

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by caution001: 7:57am On Jun 02, 2021
grin I will later buy it.

3 Likes

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by AroOkigbo(m): 7:58am On Jun 02, 2021
Politician owned
If you know, you know grin
Re: Nigerian Company, Ketron, Acquires Shoprite Stores by dgr8truth(m): 7:58am On Jun 02, 2021
Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Angrygoat: 7:58am On Jun 02, 2021
Trash. They sell clones. From perfumes to sneakers to some cheap quality jeans. I'd rather shop on aliexpress konga and amazon than shoprite. Useless mall selling clones disguised as original. I saw one fake Vietnam Nike tagged 35k. I mean wtf. Another store in the mall sells real fake perfumes. Best na to just waka round, toast some ugly hookup girls,chop rice,snap and go aous. Na wetin most ppl dey do and of cos its a place to show off. Snapping at shoprite doesn't add to your assets,doesn't make u rich in reality.

29 Likes 2 Shares

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by RALPHOW(m): 7:59am On Jun 02, 2021
That is good news, thank God guys will not loose jobs.
If you have a job pray not to loose it o.

1 Like

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Zchi1052(m): 7:59am On Jun 02, 2021
W
Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Vaughanlanrewaj: 7:59am On Jun 02, 2021
maximunimpact:

https://www.financialwatchngr.com/2021/06/02/nigerian-company-ketron-acquires-shoprite-stores/
Great! The unpatriotic, bigoted naysayers who think the deliberate toxicity and lamentation they pulled into their lives because of their hatred and bigotry against PMB is a general experience especially outside Nairaland just got served another memo.

When they say there's casting down, tell them there's lifting up. While they foul every thread with their toxic and unpatriotic comments because they hate President Muhammadu Buhari, they don't know that there are patriots out there who are even consolidating their investments and confidence in the future of Nigeria. Some Nigerians worked very hard to ensure those jobs are not lost and the value the business provides Nigerians is not yanked off. It is also an opportunity for knowledge and goodwill transfer as this new owner inherits all the goodwill and business structure of Shoprite.

Strive Musiyiwa wrote that there's no day he doesn't wake up daily and not ask about what is going on in Nigeria. He said it was in Nigeria that he saw Money he never thought was available in the whole of Africa. Till date, he is still in awe of how Nigeria got so much highly educated people and much more money than most of Africa. Yet some people are focused daily on feeding on their negative and toxic way of life as terrorists or supporters of terrorists because they hate President Muhammadu Buhari. Get this memo, you have lost again!

Just last month, Tony Elumelu's Heirs Holding too bought out one of Shell's very lucrative OML for almost half a billion dollars.

If you wake up daily to curse Nigeria, the land will curse you and not bless you but if you bless the land daily,the land will bless you.
You can only feature in a future you can picture.visit www.freestuffsng.com for latest freestuffs in Nigeria. All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria.

11 Likes 1 Share

Re: Nigerian Company, Ketron, Acquires Shoprite Stores by Sammy07: 7:59am On Jun 02, 2021
Mynd44:
I hope Ketron is removing Harry Akande's money before paying shoprite


Lols

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