Steinhoff International Holdings ZAR62.8 billion acquisition of Pepkor

Overview:

• Steinhoff International has acquired 92.34% of the share capital of Pepkor Holdings, as the furniture maker adds clothing to its retail portfolio. 
• The acquisition is the third largest M&A deal in South Africa's history.
• Steinhoff bought a 52% stake from the Titan Group, 37.1% from Brait in Mauritius, and a 2.81% interest from Pepkor management

The transaction prospectus can be found here. 

John Crabb - Journalist