Originally Posted by jomack
The deal will result in external ownership of all the real estate assets - land and buildings - for all four MegaMart retail stores, but the business remains firmly under the control of Chairman and Chief Executive Officer Gassan Azan.MegaMart Wholesale Club has sold its retail stores in Portmore and Montego Bay to a group of pension funds in a deal worth J$2.3 billion.
In short, the land and buildings are owned by pension funds but the business is still under G. Azan owner of Bashco Trading and Sweet tings.
