Shoprite Checkers buys Pick ‘n Pay and Spar liquor stores
Shoprite Checkers has received approval to buy numerous liquor stores, including two from its biggest competitors, Pick ‘n Pay and SPAR.
On Thursday, the Competition Commission announced that it had approved four transactions related to Shoprite Checkers buying stores from its competitors.
The first transaction involves Shoprite Checkers buying the grocery and liquor business, trading as SPAR Carolina.
“The Commission has approved the proposed transaction, under which Shoprite Checkers intends to acquire SPAR Carolina and TOPS, without conditions,” it said.
The second deal will see Shoprite Checkers buy the liquor business, which trades as Pick ‘n Pay Liquor Store, owned by Van Riebeeck Park Foodlane.
“The Commission has approved the proposed transaction, which would allow Shoprite Checkers to acquire Pick ‘n Pay Liquor without conditions,” it said.
The third deal involves Shoprite Checkers acquiring the liquor business, trading as Sean’s Discount Liquor, owned by Issken.
“The Commission has approved the proposed transaction whereby Shoprite Checkers intends to acquire Sean’s Discount Liquor without conditions,” it said.
The Commission has also approved a deal in which Shoprite Checkers will buy SPAR Diepkloof from Manuglo, which is owned and controlled by an individual.
SPAR Diepkloof is a grocery store in Gauteng from Shop 20 in the Diepkloof Square Mall in Eben Cuyler Drive, Diepkloof Zone 3, Diepmeadow.
“The Commission has approved the proposed transaction whereby Shoprite Checkers intends to acquire SPAR Diepkloof, without conditions,” it said.
The Commission said these four transactions are unlikely to substantially lessen or prevent competition in any market.
“The proposed transaction does not raise significant public interest concerns,” the Competition Commission said in a press statement.