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- Pepkor Holdings (PPKRF) will merge its fintech unit with a rival to form a company valued at about $1.3B, strengthening the retailer's footprint in South Africa's informal economy and expanding the network that will support its planned digital bank.
- Pepkor’s Flash will combine with Shop2Shop, the company said in a regulatory filing.
- The retailer will pay 1.57B rand ($95.3M) in cash for shares in Shop2Shop and contribute its entire stake in Flash — valued at 10.6B rand — to the combined company, according to the statement.
Pepkor combines Flash unit with Shop2Shop in $1.3B deal
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Pepkor Holdings (PPKRF) will merge its fintech unit with a rival to form a company valued at about $1.3B, strengthening the retailer's footprint in South Africa's informal economy and expanding the network that will support its planned digital bank. Pepkor’s Flash will combine with Shop2Shop, the company said in a regulatory filing. The retailer wi...
