Steinhoff International has raised R7.3bn through a bookbuild of Pepkor shares that forms part of its recently approved settlement process, at a 9% discount.
The placement of 370-million shares represents 9.9% of Pepkor’s shares, with the bookbuild set to bring Steinhoff’s stake in the SA’s largest non-grocery retailer to about 50.1%, from 68.2%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.