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
-
Samb’a Assurances to enter Cameroon in 2026
16:46
-
Access Bank Cameroon observes October as health month: a time for compassion and action
15:35
-
Zimbabwe Deploys Digital Agriculture Solution Amid Climate Shocks and Food Insecurity
14:17
-
Algeria updates digital services and online identity law
14:15
-
Cameroon Announces Plan to Build Five Hill Dams in North Region Under AfDB Agro-Industry Programme
14:09
-
Cameroon, Morocco Seal Pact to Modernise Public Savings Management and Finance National Development
14:02
-
Hydrocarbons: Shell and Equinor Take Positions in New Offshore Projects in Angola
13:57
-
Kribi Deep Sea Port, Investors, partner to construct 125-Million-Tonne Mineral Terminal worth $2 Billion
12:00
-
Egypt’s Omar Maher builds AI solutions for businesses
08:35
-
Moroccan entrepreneur Moncef Chlouchi digitizes small business management
05:51
Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...
Lukoil to sell all international assets to Gunvor amid U.S. sanctions Sale includes key oil stake...
With COP30 approaching, the International Renewable Energy Agency is calling for a global goal: to q...
Indian bottler VBL signs exclusive deal to test Carlsberg sales in Africa Move aims to diversify ...
Annual consumer-price inflation slowed to 11.9 % in October, the weakest reading since April,...
FAO is supporting Zimbabwe's deployment of solar-powered irrigation, digital early-warning platforms, and Digital Villages Initiative. The EOSTAT...
The new bill modernizes the 2015 electronic signature framework. It gives full legal value to digital documents and transactions. A national digital...
Shell and Equinor signed a deal with Angola’s ANPG for 17 offshore blocks, marking Shell’s return after 20 years. The $1 billion project aims to...
Discussions continue after weeks of what both sides call productive negotiations. The new deal follows a suspended $1.8 billion program over...
The Namib Erg, also known as the Namib Sand Sea, is one of the most ancient and spectacular desert landscapes on Earth. Stretching along Namibia’s...
CIGAF 2025 hosted 26+ countries to celebrate culinary diversity in Ouagadougou Event featured competitions, demos, and talks on food, culture, and...