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BRIEF-Steinhoff evaluates separate listing of African retail businesses on JSE
May 17, 2017 / 3:13 PM / 4 months ago

BRIEF-Steinhoff evaluates separate listing of African retail businesses on JSE

May 17 (Reuters) - Steinhoff:

* Evaluating and initiating steps to establish separate listing of its African retail businesses on main board of JSE Ltd

* Prior to listing, Steinhoff will consolidate its African retail businesses under a single holding company (Listco)

* Listing will include a capital raise to achieve required public shareholder spread, with Steinhoff retaining control in Listco Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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