Walmart to Acquire 51 Percent of Massmart

Skadden is representing Wal-Mart Stores, Inc. on U.S. and EU securities law issues in connection with Walmart’s offer to acquire 51 percent of the shares of Massmart Holdings Limited, announced on November 29. Massmart is a managed portfolio of wholesale and retail chains operating 288 stores in 14 countries across sub-Saharan Africa.