Choppies gets conditional approval for Kamoso takeover

Done deal: Some of the brands under Kamoso Africa PIC: KAMOSO.COM
Done deal: Some of the brands under Kamoso Africa PIC: KAMOSO.COM

The Competition and Consumer Authority (CCA) has given conditional approval of Choppies Distribution Centre's (CDC) plan to snap up 76% of Kamoso Africa, allowing it to effectively take over control of the diversified group.

The deal, whose value has not been publicly disclosed yet, grants CDC access to the Kamoso group’s well-known divisions such as Liquorama, Builders Mart, Mediland, Lemepe, Mont Catering and Refrigeration and others. CDC is an entity wholly owned by Choppies Enterprises Limited, the country’s largest supermarket chain with 100 stores offering fast-moving consumer goods, including bakery, butchery, fresh fruit and vegetables, as well as fast food.

CDC filed its merger request in late January and the CCA on Monday announced the conditional approval in a statement.

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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