February 4, 2020 / 11:19 AM / 23 days ago

South African retailer Edcon to sell 167 CNA stores

JOHANNESBURG, Feb 4 (Reuters) - South Africa’s Edcon, the country’s largest non-food retailer, said on Tuesday it will sell stationary retailer CNA to a consortium majority owned by Astoria Investments.

The sale, which is subject to regulatory approvals, entails the sale of 167 CNA stores and includes all brands and trademarks, Edcon said in a statement. (Reporting by Nqobile Dludla; editing by Jason Neely)

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