SPAR Group to acquire majority stake in Polish Piotr i Pawel
Wednesday, 15 May 2019 15:42
South African SPAR Group announced earlier today May 15, 2019, that it was about to acquire majority stake in Polish supermarket chain Piotr i Pawel.
Piotr i Pawel has 77 stores and supermarkets as well as a distribution networks in Poland.
Apart from South Africa, SPAR Group operates in Switzerland, the UK, Ireland, Angola and Sri Lanka.
South African retail companies are increasingly expanding beyond borders since it has become hard to keep its margins amid low economic growth and rising households’ debts.
Live News
-
AFD pledges CFA115bn to five priority development projects in Cameroon
03:44
-
Camwater signs CFA1.175bn insurance deals with AFG Assurances, Zenithe
03:42
-
Togo reshuffles cabinet, names Loukou-Kadjé at transport and recalls Tengue to maritime economy
03:36
-
Douala plans CFA367mln waste transfer center to cut collection costs
03:33
-
Cameroon’s export revenues rise 14% in H1 2025, driven by cocoa
03:30
-
Circular migration as a lever to turn Africa’s student exodus into value
03:29
-
Cameroon: BEAC backs CFA52.2bn Camtel investment plan through special facility
19:34
-
Mali appoints former Barrick executive to lead new mining regulator
19:03
-
Tin Boom Continues for Emirati Investor IRH in Congo
19:00
-
Togo Launches First Comedy Training School in Aného
19:11
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Orange Côte d’Ivoire, with Eutelsat, introduced satellite internet to reach rural and underserve...
Circular migration is based on structured, value-added mobility between countries of origin and host countries. In this model, African students and...
A local bank pool will finance Camtel’s CFA52.2 billion network expansion. BEAC approved CFA31.3 billion in refinancing via its special facility. The...
President Goïta named Hilaire Bebian Diarra as mining activities commissioner. The new body will oversee mining code compliance and sector...
Tin production rose 7% in 2025 while EBITDA increased 25%. Output exceeded targets despite a temporary halt at the Bisie mine. Record tin prices...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...