SPAR invests R2.7 billion to withdraw from European operations

SPAR South Africa has announced the sale of its Polish operations for 40 million Polish zloty (approximately R185 million) as a strategic move within its broader turnaround plan. However, the divestiture comes with the condition that SPAR will inject R2.7 billion into the business to recapitalize it. The buyer is Specjal, a Polish retail company, … Continue reading SPAR invests R2.7 billion to withdraw from European operations