Johannesburg/Warsaw/London — Steinhoff International Holdings is considering an initial public offering (IPO) of Pepkor Europe, its fastest-growing unit, as the scandal-hit retailer seeks funds for the next phase of its recovery plan, people familiar with the matter have said.

The company has been discussing a listing of Pepkor Europe with potential advisers, according to the people, who asked not to be identified because the information is private. The business — which owns the Pepco and Dealz chains, as well as Poundland in the UK — could sell shares in the next year, the people said.

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