Walmart Inc

NYSE:WMT   11:24:17 AM EDT
148.49
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Equity Investments, Other Pre-Announcement, Mergers / Acquisitions

Massmart To Buy 87.5% Stake In OneCart

Published: 10/06/2021 14:55 GMT
Walmart Inc (WMT) - Jse: Msm - Acquisition of Controlling Stake in Onecart (pty) Ltd and Withdrawal of Cautionary Announcement.
Jse: Msm - Acquisition of Controlling Stake in Onecart (pty) Ltd and Withdrawal of Cautionary Announcement.
Massmart - Company Will Acquire an Equity Shareholding Ultimately Constituting 87.5% of Issued Shares in Onecart.
Massmart - Will Provide Primary Equity Funding to Onecart, by Means of an Unsecured Convertible Loan.
Massmart - Will Acquire Shares From Existing Onecart Shareholders.
Massmart - Lynton Peters, Along With a Minority Shareholder, Will Hold Remaining Shares.