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Massmart said the scheme remained subject to the fulfilment certain conditions.
Last month, Massmart shareholders voted in favour of Wal-Mart's offer to acquire 51% of Massmart at a cash price of 148 per share.
"At a special meeting held at Massmart's offices in Johannesburg on 17 January, 97.67% of shareholders present and entitled to vote, voted in favour of the deal, more than the 75% that was required," it said.
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