Massmart in Talks to Buy Grocery Service OneCart
August 25, 2021 at 01:40 am EDT
Massmart Holdings Limited (JSE:MSM) is in advanced talks to buy a controlling stake in grocery delivery service OneCart PTY (Ltd)., the Walmart-owned retailer said on August 25, 2021. The group also said it hopes to conclude negotiations on the potential acquisition, which aligns with its strategy to boost its e-commerce growth, in the coming weeks.