Stein­hoff sits pretty

Weekend Argus (Saturday Edition) - - FRONT PAGE -

SA FUR­NI­TURE re­tailer Stein­hoff In­ter­na­tional plans to buy Fan­tas­tic Hold­ings’ en­tire stake for Aus$ 361 mil­lion (R3.9 bil­lion).

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.

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