Massmart [SEP] parent company
Walmart acquisition.
In November 2010, Walmart, the American super chain conglomerate made a bid to acquire majority shareholding (51%), in Massmart. At that time, the offer was valued at approximately R:17 billion (approximately US$2.54 billion or ₤1.54 billion). On 18 January 2011, Massmart shareholders voted in favour of Walmart's offer of R148 per share. The South African Competition Commission Tribunal gave its approval of the acquisition of 51% of the firm in May 2011. Shortly thereafter, in June 2011
in Santiago, Chile, and sells products in Chile, Brazil, and Peru.
The company is currently rated A by Standard & Poor’s (Sep. 2018), A+ (Superior) by A.M. Best (Dec. 2018), and A1 by Moody’s (Oct. 2016).
Ohio National Mutual Holdings, Inc. is parent to the following companies:
- The Ohio National Life Insurance Company
- Ohio National Life Assurance Corporation
- Ohio National Equities, Inc.
- The O.N. Equity Sales Company
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