DEBT BURDEN
Steinhoff to raise capital from sale of some of its Pepkor shares
The embattled retailer says it continues to view Pepkor as a strategic investment for the group
08 February 2023 - 21:18
Furniture retailer Steinhoff has placed 240-million Pepkor shares in a bid to raise capital as it stares down a €10bn debt burden.
This accounts for 6.5% of Pepkor shares in issue. Steinhoff holds 51% of Pepkor...
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.