Massmart: Walmart takes full control of Massmart following US$371m stake acquisition deal

SOUTH AFRICA - South African retailer Massmart has delisted from the Johannesburg Stock Exchange following its full acquisition by American multinational retail corporation Walmart in a deal worth R6.4 billion (US$371m). Walmart announced its intention to take over Massmart in August through acquisition all of the outstanding shares in the South African entity that it...