Wal-Mart has wrapped up its much contested merger with Massmart, paving the way for the retailer to take-over Game, Makro, Windhoek Cash & Carry and Builders Warehouse in Namibia. The US giant issued a statement saying it has completed its acquisition of 51 per cent of the shares in Massmart in a N$16,5 billion transaction. Lucius Murorua, chairman of the Namibian Competition Commission (NCC), confirmed that the latest development also allows Wal-Mart to enter the Namibian market.
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