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StanChart-backed retailer Choppies to list on JSE

Image Credit: Sunday Standard

Choppies Enterprises, the Botswana Grocery Retailer, looks set to pursue a secondary listing on the Johannesburg Stock Exchange later this month in order to raise R600 million or approximately $50 million.  Earlier this year, in January, Standard Chartered Private Equity acquired a 13% stake in the retailer, estimated to be worth $60 million according to Reuters.

Read more at BusinessDay…

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