(Reuters) - Kenyan retailer Naivas said on Tuesday that South Africa's Massmart is seeking to buy a majority stake in the family-owned owned supermarket chain.
Massmart, owned by the world's biggest retailer Wal-Mart , has said it plans to expand into east Africa's biggest economy. Company executives revealed yesterday that Massmart/Wal-Mart have met "several important players” in Kenya’s retail industry". The company's “interest in investing in Kenya is well known”.
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