Makro Cash & Carry Distribution, the owner and operator of Makro hypermarkets in Malaysia, has been put up for sale, controlling shareholder SHV Holdings NV has revealed.
Go deeper with GlobalData
The Dutch firm holds 65% of Makro Malayisa, while Perbadanan Kemajuan Negeri Selangor (PKNS) holds 20.7% and PKNS-LFD Sdn Bhd holds 14.3%. No reason was given for the sale.
“Makro has been in Malaysia since we opened our first store in 1993, pioneering the cash-and-carry concept in this country, and setting the stage for the hypermarket and discount store era,” said Makro Malaysia managing director Pieter C. Boone.
“This represents a unique and attractive opportunity for new shareholders to take over a well-managed and sound business that offers a good footprint of strategically located stores, experienced staff, proven operating systems and a loyal customer base,” he said.
The company operates eight stores in Malaysia.
