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The Times of London reports on rumors that Tesco, at least partially in response to Walmart’s international moves, has been talking to the Shoprite and Pick n Pay retail chains in South Africa about a possible acquisition.

However, spokespersons for Shoprite and Pick n Pay deny that any such discussions are taking place.

According to the story, market analysts say that Pick n Pay is “the most appropriate business partner for Tesco in terms of store formats, private labels, loyalty marketing, trading style, positioning and potential synergy.”
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