ABN – Ireland-based convenience store chain ADM Londis has been acquired by Spar for US$25.7 million.
Londis has around 200 stores located throughout Ireland and generates total annual sales of almost $224 million.
The completion of the acquisition is subject to Londis’ shareholder approval as well as other regulatory approvals.
Spar has continued to expand throughout South Africa despite rising unemployment.
Last year it added 11 new Built It, a division of Spar group, stores to its chain bringing its total store number up to 299.