Wal-Mart seals deal for African retail company
June 20, 2011,
Bentonville, Ark. - Wal-Mart Stores Inc. has finalized its 51% stake in Massmart Holdings Limited, which operates 288 stores in 13 sub-Saharan African countries under a variety of nameplates.
Massmart's wholesale and retail businesses include Makro, Game, Dion Wired, Builders Warehouse, Builders Express, Builders Trade Depot, CBW, Jumbo Cash and Carry and the Shield buying group.
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