Steinhoff launches another R1bn-plus bid – wants European bedding business
Steinhoff has offered to buy most of Cauval’s bedding business for $86.4 million, up from an initial offer for half of the French firm’s bedding factories.
Conforama
Steinhoff picks $975m Darty ahead of UK’s Home Retail – all cash deal
Steinhoff offered $975 million for Darty, Europe’s No.3 electrical goods retailer, trumping a competing takeover bid from a French retailer Fnac.
German tax squad raids Steinhoff offices, share price down over 6%
Steinhoff says German authorities searched its offices in November in connection with tax investigations, which comes ahead of its FSE listing on December 7.
Markus Jooste: After today’s history-making deal, R200bn Steinhoff ready to take on the world
Steinhoff’s R63bn acquisition of Pepkor today ranks as the biggest transaction in South African corporate history. But for CEO Markus Jooste it is just the start of a exciting new international chapter for what will be a R200bn group.
Take a bow Discovery – again
By Alec Hogg There are a handful of globally competitive South African businesses. SAB Miller was the pioneer. It’s being joined by a growing number of others. After a shaky start Old Mutual is getting into that league. Judging by its success with French retailer Conforama, Steinhoff is also graduating into that elite club. Investec, … Read more