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Payless supermarkets gets Ellis Retail Group as suitor

Payless supermarkets gets Ellis Retail Group as suitor
CHANGE ON THE HORIZON: Payless store finds a buyer

Payless Supermarkets, which is currently going through the liquidation process, will soon get a new owner should the Competition and Consumer Authority (CCA) give the proposal the green light.

Ellis Retail Group (ERG) (Pty) Ltd has notified the Authority of its intention to acquire the business and certain assets of Payless Supermarkets.

ERG is a limited liability company and a Special Purpose Vehicle (SPV) being used to affect the proposed transaction.

The Botswana-based organisation is described as a private investor with a focus on insurance, petroleum, and Fast Moving Consumer Goo...

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