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Steinhoff, Shoprite in talks to combine their African businesses
December 14, 2016 / 10:57 AM / a year ago

Steinhoff, Shoprite in talks to combine their African businesses

JOHANNESBURG, Dec 14 (Reuters) - South Africa’s furniture retailer Steinhoff International said on Wednesday it was in talks with Shoprite to combine both firm’s African retail businesses.

As part of the transaction, Shoprite is expected to buy Steinhoff’s African operations, which include Pepkor Africa, JD Group, Steinbuild and Tekkie Town, the company said in a statement. (Reporting by Nqobile Dludla; editing by David Clarke)

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