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SHOPRITE ACQUIRES FOOD WORLD STORES
12 April 2005
Shoprite Checkers announced today, Tuesday, 12 April 2005, that it has concluded an agreement to purchase a chain of 13 retail supermarkets known as Foodworld and 4 small wholesale outlets doing business as Saveworld which operate within the Western Cape.
The proposed acquisition of the businesses will have a minimal effect on the Group’s national market share and is subject to the approval by the Competition Commission of South Africa.
Ends
For further information: Brian Weyers @ 021-980 4253
Issued by Adele Gouws @ 011-465 5225
On behalf of: Shoprite Checkers
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