电报盗号系统云控破解技术|【唯一TG:@heimifeng8】|黑帽快排大数据✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨South Africa's Steinhoff African unit prices IPO at 20.50 rand
Reuters Published
September 18,电报盗号系统云控破解技术 2025
South Africa’s Steinhoff priced the initial public offering (IPO) of its African unit at 20.50 rand on Friday, the middle of the marketed range and valuing the business at about 71 billion rand ($5.40 billion).
Steinhoff, the world’s second biggest furniture retailer after IKEA, is spinning off its Africa-focused chains into an entity called Steinhoff Africa Retail (STAR), with a controlling stake in Africa’s biggest grocer Shoprite .
The company, which also has operations stretching from the United States and Britain to Australia, said the split between emerging and developed market retail businesses would allow investors keen on exposure to Africa to invest directly in STAR.
The Johannesburg stock market flotation, planned for Sept. 20, comes weeks after reports that German prosecutors were investigating Steinhoff Chief Executive Markus Jooste and other senior managers for suspected accounting fraud.
The senior Steinhoff managers are alleged to have inflated revenue figures by selling assets to purportedly external parties, which were in fact associated with Steinhoff.
Steinhoff has denied the allegations against its employees and any wrongdoing.
The company, which counts retail tycoon Christo Wiese as a top shareholder and board member, will sell 750 million, or about 22 percent of STAR, in the flotation. Steinhoff will retain about 78 percent of the listed entity.
The offering, in private placement to invited investors, had been marketed at between 18 and 23 rand per share
STAR, mainly made up of clothing, shoe and textile operations, would be an African retail giant with annual sales of about 53 billion rand and holding more than half the voting rights in Shoprite.