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Home » Mauritian firm buys Edgars

Mauritian firm buys Edgars

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STRUGGLING South African retail group Edcon says it has sold its shareholding in Edgars Stores in Zimbabwe (Edgars) to service some of its debts. The firm, which held a 41 percent stake in Edgars, recently concluded a deal with lenders, South African landlords and the Public Investment Corporation as part of a restructuring plan to…

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