Botswana Retail Store- Choppies Acquires Ukwala Supermarkets | Trending Post | Kenya's Online Newspaper

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Botswana Retail Store- Choppies Acquires Ukwala Supermarkets

Botswana Retail Store- Choppies Acquires Ukwala Supermarkets

The acquisition of all assets and businesses of Ukwala Supermarkets by a Bostwana firm- Choppies has been sealed.  Details published in this week’s Kenya Gazette stated that Choppies had concluded all requirements and was awaiting confirmation of Ukwala’s liability status before announcing its eventual takeover.

Botswana Retail Store- Choppies Acquires Ukwala Supermarkets


The notice released on October 30 and addressed to all debtors and creditors of Ukwala said that all claims and liabilities be filed with its lawyers as well as Ukwala’s outgoing managers.

Botswana Retailer Store Beats Tuskys To Acquire Ukwala Supermarket

It said Choppies would not be liable to any further claims that remains unpaid after the expiry of the month’s notice.

The notice also indicated that Choppies had eventually taken over all operations of Ukwala and added that it would continue operating within the same premises in Nairobi, Kisumu and Bungoma.

However, the Sh1 billion takeover did not mentioned Ukwala’s Kenyatta Avenue branch in Nakuru.

Details seen by the Nation showed that the two parties had agreed on the sale of Ukwala Supermarkets’ Mfangano, Tom Mboya and Haile Selassie branches in Nairobi and Bungoma branch. The also agreed on acquisition of the Dubai, Kenshop, Foamat and Swan branches in Kisumu.

The deal will see Choppies take over all operations, general trading, importing, exporting, distribution, supply, selling and dealing as retailers of all types of goods carried out by Ukwala Supermarkets.

Story Via Daily Nation

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Trending Post | Kenya's Online Newspaper: Botswana Retail Store- Choppies Acquires Ukwala Supermarkets
Botswana Retail Store- Choppies Acquires Ukwala Supermarkets
Botswana Retail Store- Choppies Acquires Ukwala Supermarkets
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