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Steinhoff generates €293m via sales of KAP shares

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Published in issue 15/2019
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Steinhoff International Holdings N.V. (Amsterdam, Netherlands) has generated ZAR4.8bn, equivalent to €293m, via the sale of further shares in the KAP Industrial Holdings Ltd. (Stellenbosch) conglomerate. According to Steinhoff, various liabilities of the group are to be settled using the ensuing funds. Some of the ...

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furniture trade
furniture industry
wood-based panels
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