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Steinhoff to acquire Australia's Fantastic Holdings for $274 million
October 14, 2016 / 10:41 AM / a year ago

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

JOHANNESBURG, Oct 14 (Reuters) - South Africa’s furniture retailer Steinhoff International plans to buy Fantastic Holdings’ 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

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