To view the PDF file, sign up for a MySharenet subscription.

Massmart Holdings Limited - Acquisition Of Diy & Home Improvement Assets

Release Date: 08/06/2005 15:53
Code(s): MSM
Wrap Text

Massmart Holdings Limited - Acquisition Of Diy & Home Improvement Assets Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1940/014066/06) (Share code:MSM) (ISIN: ZAE000029534) ("Massmart" or "the Group") MASSMART HOLDINGS LIMITED ACQUISITION OF DIY & HOME IMPROVEMENT ASSETS With reference to the announcements of 24 February 2005 and 9 March 2005, we are pleased to announce that the Competition Tribunal of South Africa today unconditionally approved Massmart"s acquisition of the companies trading as, De La Rey, Federated Timbers and Servistar. All suspensive conditions related to these acquisitions have therefore been met, and work will commence immediately on the integration of these businesses into Massmart and the implementation of those strategies directed at entrenching the Group"s leadership position in the South African DIY and home improvement market. 8 June 2005 Johannesburg Sponsor to Massmart: Deutsche Securities (SA) (Proprietary) Limited Date: 08/06/2005 03:53:05 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

Share This Story