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Wal-Mart Applies to Operate in Zambia After Massmart Offer

Wal-Mart Stores Inc, the world’s largest retailer, has applied to Zambia’s Competition and Consumer Protection Commission to buy Massmart Holdings Ltd.’s operation in the southern African country, the commission said.

A final decision on whether to let the company operate in Zambia will probably be made before Feb. 26, the Lusaka-based competition agency’s spokesman Brian Lingela said in an e-mailed response to question yesterday.