Choppies moves to take over Kamoso

Under one roof: Some of the brands under Kamoso Africa PIC: KAMOSO.COM
Under one roof: Some of the brands under Kamoso Africa PIC: KAMOSO.COM

Choppies Distribution Centre (CDC), an entity wholly owned by Choppies Enterprises Limited, plans to take over control of diversified group, Kamoso Africa, by purchasing a 76% equity stake.

According to filings made public by the Competition and Consumer Authority this week, CDC, which is Choppies’ operations unit in Botswana, hopes to secure approval for the Kamoso takeover which will grant access to the group’s well-known divisions such as Liquorama, Builders Mart, Mediland, Lemepe, Mont Catering and Refrigeration and others.

At present, Kamoso is owned by private equity units linked to Rand Merchant Bank and Ninety One (formerly Investec), the Botswana Development Corporation (BDC) as well as Ramachandran and Narayanan Ottapathu. CDC’s proposed transaction appears to involve taking over all the shareholding not currently owned by the BDC.

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

Have a Story? Send Us a tip
arrow up