Spar of South Africa to buy 80% stake in BWG for €55 million

South African food and liquor retailer Spar is to buy an 80 per cent stake in BWG Group, which owns Spar in Ireland and the southwest of England, for €55 million.

11th August, 2014
In Ireland, BWG has 35 per cent of the convenience store market

South African food and liquor retailer Spar is to buy an 80 per cent stake in BWG Group, which owns Spar in Ireland and the southwest of England, for €55 million.

The Durban-based company, which is funding the purchase with a rand-demoninated loans, said the acquisition would give Spar a "well-positioned international retail platform for future expansion".

BWG services more than 1,100 stores, including 100 company-owned stores, with annual revenues of €1.2 billion. In Ireland, BWG...

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