Steinhoff mulling IPO for Pepco as it expands across Europe
31 October 2019 - 13:36
Johannesburg/Warsaw — Steinhoff International Holdings is considering the sale of about a quarter of Pepco Group through an initial public offering (IPO) that could value the European retailer at more than €4bn, according to people familiar with the matter.
The listing could take place in the first half of 2020, said the people, who asked not to be identified as the move hasn’t been announced. JPMorgan Chase has been hired as one of the book runners, three of the people said, while Goldman Sachs has also been appointed, one of them said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.