Steinhoff raises R7.3bn from Pepkor shares as part of settlement offer

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Steinhoff raises R7.3bn from Pepkor shares as part of settlement offer 🔒

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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.

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 /  🏆 12. in ZA
 

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