Pick `n Pay Stores Limited - Score Supermarkets Se
Pick `n Pay Stores Limited - Score Supermarkets Sells Tanzanian Operations
Pick `n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1968/008034/06)
Share code: PIK. ISIN code: ZAE000005443
SCORE SUPERMARKETS SELLS TANZANIAN OPERATIONS
Considers investment in Mozambique
Wednesday, 04 December 2002
Score Supermarkets is to sell its Tanzanian operation to Shoprite Checkers for
an undisclosed amount, effective 1 December 2002. Employees will not be
affected.
Score operates three supermarkets in the metropolitan area of Dar es Salaam,
with a small distribution centre. The first store was opened in late 2000.
Score Managing Director Ian Eadie said the group had decided to concentrate its
operations closer to home, centred in southern Africa. This would include South
Africa, Botswana and Swaziland.
"In keeping with our focus, we have reviewed the market in Mozambique and
indications are that an expansion of Score into Mozambique is a distinct
possibility," said Eadie.
Shoprite Checkers Deputy Managing Director Carel Goosen said that the purchase
served to consolidate the company`s expansion into Africa.
"We already operate two stores in the country and believe that this purchase
will further serve to consolidate our presence in Tanzania particularly and
Africa generally."
ENDS
For further information, please contact Tamra Veley on (021) 426 1233/083 251
3658 or Carel Goosen on (021) 980 4000.
Date: 04/12/2002 08:00:00 AM Produced by the JSE SENS Department
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