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.
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...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
