Ketron Investment Limited, a conglomerate owned by a group of investors led by Persianas Investment have completed the acquisition of Shoprite Nigeria.
Ketron Investment was reported to have acquired 100% of Shoprite Nigeria shares and will continue operations across Shoprite outlets in Nigeria.
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Retail Supermarkets Nigeria Limited, RSNL sold Shoprite Nigeria to Ketron Investment in bid for Shoprite International to change its strategy to change from an ownership model to a franchise model.
The Chairman and CEO of Ketron Investment while speaking on the acquisition said they hope to build a stronger company.
Since the launch of Shoprite in Nigeria in 2005, Shoprite have expanded its retail outlets across 11 states with 25 outlets.