Business

Woolworths takes over firms

By DAILY MAIL REPORTER
Woolworths has concluded terms to buy the remaining 49 percent shareholding in its Zambian business in a move that will step up the chain store’s expansion strategy in Africa.
According to a statement issued in Lusaka yesterday, Woolworths’ acquisition in Zambia represents the ongoing commitment to investing in Africa.
“This acquisition of our Zambian business is another important step in investing in our African business and will enable us to ensure we deliver the same brand experience to all our customers,” Woolworths Group director for retail operations, Paula Disberry said.

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