June 14, 2018 / 7:23 PM / 2 months ago

Investor Benko strikes deal to buy Steinhoff's Austrian unit -papers

VIENNA, June 14 (Reuters) - Austrian property and retail investor Rene Benko has reached a deal to buy Steinhoff’s Austrian unit Kika/Leiner, saving the division from bankruptcy, two Austrian newspapers reported on Thursday.

Daily Die Presse and tabloid Oesterreich quoted anonymous sources close to the talks as saying a deal had been reached. Oesterreich said the purchase price was roughly 500 million euros ($580 million) and the company would receive an injection of 100 million euros.

A spokeswoman for Kika/Leiner declined to comment on the reports. A spokesman for Benko was not immediately available for comment. ($1 = 0.8627 euros) (Reporting by Kirsti Knolle and Francois Murphy Editing by Alexandra Hudson)

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