Spar Group lists on A2X

SE-LISTED Spar Group announced on Wednesday that it has received approval for a secondary listing on A2X Markets, with its shares set to be tradable on the platform from 15 May.

The group operates in 11 countries and reported revenue of R149 billion in 2023. It has wholesale warehousing and distribution operations in South Africa and parts of Europe that support over 4 500 stores through 14

distribution centres. In southern Africa, it boasts over 1 000 grocery stores, nearly 900 TOPS at Spar liquor stores, 400 Build it stores, and 125 pharmacies. TOPS at Spar stands as South Africa’s largest liquor retailer, while Build it takes top spot for building supplies.

“This secondary listing will allow investors to have easy access to our stock at very low transaction costs. The listing through the A2X secondary- listing platform will also come with improved liquidity and narrower spreads,” says Spar Group CEO Angelo Swartz. A statement announcing the new listing highlights the group’s diverse offerings – from groceries, liquor, pharmaceuticals and building materials in southern Africa to corporate grocery retail stores, cash- and- carry businesses, and food services in Europe.

Commenting on the new listing, A2X CEO Kevin Brady says: “Spar is a trusted brand in South Africa and in many places across the world. We are delighted to be listing SPAR on our market next week.” —