PARIS, Jan 24 (Reuters) - French furniture chain Conforama, which is a unit of troubled South African group Steinhoff , said it had reached agreement with Tikehau Capital for a financing line of 115 million euros ($141.9 million) over three years.
Steinhoff, the owner of more than 40 retail brands including Poundland in Britain, is trying to plug a liquidity gap after it admitted “accounting irregularities” last month, which triggered an 85 percent share slide.
Earlier this month, Steinhoff secured a 60 million euros lifeline for its European operations.
$1 = 0.8106 euros Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta