published on Monday, says the Nigerian subsidiary of Shoprite Holdings Limited may later be classified as “a discontinued operation” when it reports its results for the year.
Shoprite, which started operation in Nigeria in 2005, is a leading South African mass retail supermarket, with about 25 outlets in the country. Quoting the document, the media team said, “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.
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