South Africa's Steinhoff expands discount offer with $5.7 bln Pepkor buy | Business Information & News | Westlaw

South Africa's Steinhoff expands discount offer with $5.7 bln Pepkor buy | Business Information & News | Westlaw

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11/25/14 REUTERS 20:33:33
REUTERS
Copyright © 2014 Thomson Reuters
November 25, 2014
South Africa's Steinhoff expands discount offer with $5.7 bln Pepkor buy
David Dolan
Tiisetso Motsoeneng
JOHANNESBURG (Reuters) - South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern...
---- Index References ----
Company: SHOPRITE HOLDINGS LTD; BRAIT SE; PEPCO HOLDINGS INC; STEINHOFF INTERNATIONAL HOLDINGS LTD
News Subject: (Private Equity (1PR15); Funding Instruments (1FU41); Corporate Events (1CR05); Corporate Groups & Ownership (1XO09); Emerging Market Countries (1EM65); Business Management (1BU42); Mergers & Acquisitions (1ME39))
Industry: (Retailers (1RE64); Retail (1RE82); Financial Services (1FI37))
Region: (Central Europe (1CE50); Eastern Europe (1EA48); South Africa (1SO81); Africa (1AF90); Southern Africa (1SO66); Europe (1EU83); Poland (1PO03))
Language: EN
Other Indexing: (Pepkor) (Helen Nyambura-Mwaura; Christo Wiese)
Keywords: securities; ma (MCC:OEC); (N2:US); (N2:AMERS); (N2:USA); (MCCL:OEC)
Word Count: 626
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