{"id":20810,"date":"2023-01-27T07:35:45","date_gmt":"2023-01-27T07:35:45","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso"},"modified":"2023-01-27T08:35:53","modified_gmt":"2023-01-27T08:35:53","slug":"choppies-moves-to-take-over-kamoso","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso","title":{"rendered":"Choppies moves to take over Kamoso"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Choppies Distribution Centre (CDC), an entity wholly owned by Choppies Enterprises Limited, plans to take over control of diversified group, Kamoso Africa, by purchasing a 76% equity stake.<\/b><\/p>\n<p>According to filings made public by the Competition and Consumer Authority this week, CDC, which is Choppies\u2019 operations unit in Botswana, hopes to secure approval for the Kamoso takeover which will grant access to the group\u2019s well-known divisions such as Liquorama, Builders Mart, Mediland, Lemepe, Mont Catering and Refrigeration and others.<\/p>\n<p>At present, Kamoso is owned by private equity units linked to Rand Merchant Bank and Ninety One (formerly Investec), the Botswana Development Corporation (BDC) as well as Ramachandran and Narayanan Ottapathu. CDC\u2019s proposed transaction appears to involve taking over all the shareholding not currently owned by the BDC.<\/p>\n<p>The latest developments mark another turn in the evolution of Kamoso Africa, after Choppies directors, Ramachandran Ottapathu and Farouk Ismail in 2015 sold most of their holdings in the diversified group to a consortium led by Standard Chartered Private Equity in a deal worth P452 million.<\/p>\n<p>In 2017, Stanchart Private Equity sold its stake to the private equity units of Rand Merchant Bank and Investec Asset Management, which in turn shaved off 24% of this in 2020 to the BDC.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Choppies Distribution Centre (CDC), an entity wholly owned by Choppies Enterprises Limited, plans to take over control of diversified group, Kamoso Africa, by purchasing a 76% equity stake. According to filings made public by the Competition and Consumer Authority this week, CDC, which is Choppies\u2019 operations unit in Botswana, hopes to secure [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":20809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-20810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Choppies moves to take over Kamoso - Botswana<\/title>\n<meta name=\"description\" content=\"Choppies Distribution Centre (CDC), an entity wholly owned by Choppies Enterprises Limited, plans to take over contro ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Choppies moves to take over Kamoso\" \/>\n<meta property=\"og:description\" content=\"Choppies Distribution Centre (CDC), an entity wholly owned by Choppies Enterprises Limited, plans to take over contro ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-27T07:35:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-27T08:35:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674794808.19.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Choppies moves to take over Kamoso\",\"datePublished\":\"2023-01-27T07:35:45+00:00\",\"dateModified\":\"2023-01-27T08:35:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso\"},\"wordCount\":222,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674794808.19.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/choppies-moves-to-take-over-kamoso\",\"name\":\"Choppies moves to take over Kamoso - 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