JOHANNESBURG (Reuters) – Steinhoff International’s African spin-off plans to acquire a controlling interest in South African retailer Shoprite, it said on Friday.
Thank you for reading this post, don't forget to subscribe!Steinhoff has entered into call option agreements with Titan Premier Investments, a company ultimately controlled by a family trust of Steinhoff and Shoprite chairman Christo Wiese, as well as the Public Investment Corporation and Lancaster Group, Steinhoff said in a statement.
Reporting by TJ Strydom; Editing by Tiisetso Motsoeneng