Monday July 13, 2020

£600m offer for Dealz owner Poundland

New South African owner looking to expand in Europe

13th July, 2016
South African retailer looks to expand in Europe Pic: Feargal Ward

Steinhoff’s cash offer is worth 222p a share, about 40 per cent more than where the stock was trading before bid speculation sent it soaring last month.

Steinhoff bought a stake in Poundland and announced it was considering an offer the week before Britain’s surprise vote to leave the European Union, a decision that clouded the outlook for the economy and consumer spending.

“We believe that there is significant merit in bringing...

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