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SPAR Group sells Swiss operations to Tannenwald Holding for over R1 billion
The Star
|September 10, 2025
SPAR Group has signed an agreement to sell its shareholding in SPAR Switzerland to Tannenwald Holding, a privately held Swiss investment company, for CHF46.5 million, about R1.03 billion.
SPAR Group's share price went up 4.3% to R109.35 on Tuesday morning, a price that is 10.4% lower than the R122.14 it traded at a year earlier.
The increase indicates the disposal was likely favourably received by investors. SPAR’s major shareholders include the Public Investment Corporation, M&G Investment Management, Coronation Fund Managers, Allan Gray, Old Mutual Investment Group, and Ninety One.
The transaction marks the finalisa-tion of SPAR’s European portfolio review, with only the UK process still underway, and is a step towards optimising capital allocation and strengthening the balance sheet.
SPAR Switzerland operated or supplied goods to 252 stores as of 2024, which includes SPAR, SPAR express, and EUROSPAR formats.
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