Steinhoff Africa Retail may be worth $6.1bn

Aidan Gregory

September 04, 2017 05:00 pm

Joburg_SA_PA_230x150 — South African fans wave the South African flag during the ICC World Cup match between South Africa and the West Indies at the Sydney Cricket Ground in Sydney, Friday, Feb. 27, 2015. (AAP Image/Dean Lewins) | DEAN LEWINS/AAP/PA Images

Steinhoff International, the South African conglomerate, has opened the books on the IPO of Steinhoff Africa Retail (Star), a company formed from its African retail assets, which could value the business at up to R79.3bn ($6.1bn) if it is priced at the top of its range.

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Topics

Africa Equity Morgan Stanley Equity IPOs Equity South Africa Emerging Markets EM - Africa EMEA Africa

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Aidan Gregory