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FAN - Fantastic Holdings News Story

A$3.5 0.0  0.0%

Last Trade - 12/12/16

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £299.6m
Position in Universe th / 1830

Steinhoff to acquire Australia's Fantastic Holdings for $274 million

Fri 14th October, 2016 11:17am
JOHANNESBURG, Oct 14 (Reuters) - South Africa's furniture 
retailer Steinhoff International  SNHG.DE  plans to buy 
Fantastic Holdings'  FAN.AX  entire stake for 361 million 
Australian dollars ($274 million), the Sydney-based firm said. 
    The companies had reached an agreement under which 
Steinhoff's Asia Pacific unit will acquire all of Fantastic 
Holdings' issued shares, the Australian firm said in a 
statement. 
   ($1 = 1.3187 Australian dollars) 
 
 (Reporting by TJ Strydom; Editing by James Macharia) 
 ((tj.strydom@thomsonreuters.com; +27 11 775 3150; Reuters 
Messaging: tj.strydom.thomsonreuters.com@reuters.net)) 
 
Keywords: STEINHOFF INTLNL FHL/M&A
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