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South Africa’s Pick n Pay to Exit Nigeria

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Pick n Pay

South African grocery retailer Pick n Pay (PIKJ.J), opens new tab will exit Nigeria by selling its 51% share of a joint venture as part of plans to restructure outside of its home market, CEO Sean Summers said on Monday.

The retailer has two stores in Nigeria, having entered the market there less than five years ago through a partnership with A.G. Leventis (Nigeria).

 

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