₦airaland Forum

On Monday, Africa’s largest food retailer, Shoprite announced it is considering selling off its majority share in its Nigerian subsidiary as TopNaija reported.

In a trading update filed at the Johannesburg Stock Exchange (JSE), the retail giant said it has begun the formal process of liquidating its majority share.

“Following approaches from various potential investors, and in line with our re-evaluation of the group’s operating model in Nigeria, the board has decided to initiate a formal process to consider the potential sale of all, or a majority stake, in Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited. As such, Retail Supermarkets Nigeria Limited may be classified as a discontinued operation when Shoprite reports its results for the year,’’ it said.

Read more here https://topnaija.ng/meet-tayo-amusan-the-nigerian-who-bought-shoprite-nigeria/

G

Even if the story is true..he must have borrowed money from the bank to buy shoprite.

Wish I could just have the spirit of entrepreneurship.

Impressive.. That's a great feat.

the mind of a businessman...

Nice one.

sirqeeboi:
Even if the story is true..he must have borrowed money from the bank to buy shoprite.

Wish I could just have the spirit of entrepreneurship.

He borrowed the money from you