Bloomberg News

Pick N Pay Gets Approval to Enlarge Stake in Zimbabwe’s TM Group

October 17, 2011

Oct. 17 (Bloomberg) -- The Zimbabwean government has approved South African mass retail group Pick n Pay Stores Ltd.’s proposal to raise its stake in TM Supermarkets from 25% to 49%, the Herald reported, quoting indigenization minister Saviour Kasukuwere.

To contact the reporter on this story: Godfrey Marawanyika in Johannesburg at gmarawanyika@bloomberg.net

To contact the editor responsible for this story: Hilton Shone at hshone@bloomberg.net


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