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
-
African Union, UK Plan High-Level Strategic Meeting in London
16:42
-
France’s Eramet Replaces CEO, Names Christel Bories Interim Head
16:38
-
Aura Energy Seeks $13 Million to Advance Mauritania’s Tiris Uranium Project
16:32
-
Sudan Reopens Khartoum Airport After Nearly Three Years of Suspension
16:29
-
Gabon Approves Draft Law to Regulate Digital Archiving
13:25
-
Cabo Verde Bets on Digital Skills to Tackle Youth Unemployment
13:23
-
Abena Adoma Promotes Community-Driven Technology in Ghana
13:21
-
Sabi Yarou Sika OROU N’GOB Launches Peer-to-Peer Platform to Ease Crypto Trading
13:19
-
Cameroon Ratifies Air Deal With Qatar, Opening Market to Qatar Airways
17:51
-
State Oil Firm SNH Reshuffles Leadership, Names Five Women to Senior Roles
17:48
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
The African Union and the United Kingdom agreed to hold a high-level strategic meeting in London in early 2026. AU Commission President Mahamoud...
Eramet ended the mandate of CEO Paulo Castellari and appointed Chair Christel Bories as interim chief executive. The board cited differences over...
Aura Energy plans to raise A$20 million ($13 million) to fund development of the Tiris uranium project in Mauritania. The company targets a final...
Khartoum International Airport handled its first commercial passenger flight after nearly three years of closure caused by the war. Sudan Airways...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...
Streaming dominates music, reshaping royalties and artist income worldwide Sub-Saharan Africa grows fast, but payouts stay far lower Platform, region,...