Massmart - Update on Moresport Acquisition
Massmart Holdings Limited
("Massmart" or "the Company")
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/05)
Share code: MSM
ISIN: ZAE000029534
Update on Moresport Acquisition
Shareholders are reminded that on 26 April 2005 Massmart announced the
acquisition of Moresport (Proprietary) Limited ("Moresport"), which was subject
to the approval of the Competition Authorities ("the proposed acquisition").
On the 14 October 2005, the Competition Commission recommended to the
Competition Tribunal that the proposed acquisition be prohibited.
The Competition Commission and Massmart will shortly be appearing before the
Competition Tribunal. Following this appearance, the Competition Tribunal will
issue its ruling on the proposed acquisition, which may or may not agree with
the Competition Commission"s recommendation.
Further announcements will be made in due course.
Johannesburg
18 October 2005
Sponsor:
Deutsche Securities (SA) (Pty) Ltd
Date: 18/10/2005 08:59:57 AM Produced by the JSE SENS Department
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