Wal-Mart Stores Inc (WMT.N) is taking Namibia's competition watchdog to court over conditions attached to its bid for control of South African retailer Massmart (MSMJ.J). The world's biggest retailer is in the last stages of a $2.3 billion deal that would give it a 51 percent stake in Massmart, which operates in 14 African countries, including Namibia. Wal-Mart sees the purchaes as a platform for further expansion on the continent. But the acquisition is proving tough for Wal-Mart, which is already considering legal options to speed up a probe of its bid in South Africa after competition authorities there delayed a hearing by almost two months. [ID:nLDE72M0LL]
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