Spinneys

South African private equity fund acquires Egyptian supermarket chain

On July 14th, South African private equity fund Investec Asset Management announced that it had agreed a deal to acquire supermarket chain Spinneys Egypt from Dubai-based private equity firm Abraaj Group. Spinneys Egypt currently has 13 branches (11 supermarkets and two hypermarkets), eight of which are located in Cairo. It was founded in Alexandria by ex-British

19th July 2019

Categories: SagaRetail News - Retail & Shopping Malls