15th Jun 2016 08:10
LONDON (Alliance News) - South-African furniture retailer Steinhoff International Holdings NV on Wednesday said it is considering a possible offer for London-listed discount store Poundland Group PLC.
No further details were disclosed, but Steinhoff said it will make a further announcement when appropriate in due course.
Steinhoff has already been involved in bidding unsuccessfully for Home Retail Group PLC, the Argos-owner sold to J Sainsbury PLC, and for electricals retailer Darty PLC, which is being acquired by France's Groupe Fnac.
Shares in Poundland were trading up 6.6% at 208.75 pence on Wednesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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