VIENNA, June 14 (Reuters) - Austrian property and retail investor Rene Benko has reached a deal to buy Steinhoff’s Austrian unit Kika/Leiner, saving the division from bankruptcy, two Austrian newspapers reported on Thursday.
Daily Die Presse and tabloid Oesterreich quoted anonymous sources close to the talks as saying a deal had been reached. Oesterreich said the purchase price was roughly 500 million euros ($580 million) and the company would receive an injection of 100 million euros.
A spokeswoman for Kika/Leiner declined to comment on the reports. A spokesman for Benko was not immediately available for comment. ($1 = 0.8627 euros) (Reporting by Kirsti Knolle and Francois Murphy Editing by Alexandra Hudson)