Content about Massmart Holdings Limited

June 20, 2011
Wal-Mart Stores completes Massmart deal

BENTONVILLE, Ark. — Wal-Mart Stores announced that it has completed its investment for a 51% stake in South African-based Massmart Holdings Limited for ZAR148 per Massmart ordinary share.

Massmart will continue to trade on the JSE Limited to provide Massmart shareholders with the ability to participate in the growth opportunity of the combined entity.  

June 14, 2011
South Africa makes aggressive intervention in Wal-Mart bid

A Tuesday report by Bloomberg said that South Africa’s Economic Development Ministry made an “aggressive intervention” in Wal-Mart Stores’ bid to buy a stake in Massmart Holdings Ltd.

May 9, 2011
Hearing begins on Wal-Mart’s bid for Massmart

Massmart Holdings Ltd. promised to add jobs if Wal-Mart Stores is allowed to buy a controlling stake in the South African wholesaler, CEO Grant Pattison.

October 28, 2010
Wal-Mart considering smaller stake in South African retailer

New York City - Wal-Mart Stores is considering taking a smaller stake in South African retailer Massmart Holdings Ltd. to keep its listing on the Johannesburg Stock Exchange, the Associated Press reported.

September 27, 2010
Walmart eyes African expansion with Massmart deal

Walmart and Africa’s leading retailer Massmart Holdings Limited are in talks that could lead to a $4.4 billion deal, the companies announced early Monday.

September 26, 2010
Walmart eyes African expansion with Massmart deal

Walmart and Africa’s leading retailer Massmart Holdings Limited are in talks that could lead to...

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