Choppies acquires 10 Kenyan retail stores

Tuesday, June 02, 2015

Leading grocery group, Choppies Enterprises said it would buy 10 stores in Kenya for $10 million (P99.4 million) as part of its expansion plans into east Africa.

Group chief executive officer, Ram Ottapathu confirmed that the retailer has partnered with a Kenyan company by the name Shanta Retail holdings Limited backed by the directors of Export Trading Group (ETG).

“Shanta Retail will be 25 percent shareholders in Choppies Kenya and Tanzania and they will contribute 25 percent equity and debt proportionately,” he said.

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Choppies acquires 10 Kenyan retail stores

Leading grocery group, Choppies Enterprises said it would buy 10 stores in Kenya for $10 million (P99.4 million) as part of its expansion plans into east Africa.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

Kwa Nokeng Oil sponsors young biker with P120,000

Routine child vaccination imperative