December 7, 2016 / 9:34 AM / 3 years ago

Steinhoff International says not looking to do deals in South America

A Poundland employee checks products in a store in London, Britain November 10, 2015. REUTERS/Stefan Wermuth/File Photo

JOHANNESBURG (Reuters) - South Africa’s Steinhoff International (SNHG.DE)(SNHJ.J) is not looking at M&A deals in South America, the company’s chief executive said on Wednesday, responding to a question about a possible acquisition of appliance maker Via Varejo (VVAR3.SA) in Brazil.

“We are not looking at anything in South America,” Steinhoff Chief Executive Markus Jooste said during a call with analysts after releasing fourth-quarter results.

Shares in Via Varejo SA soared last month on reports that three suitors, Steinhoff among them, had expressed interest in a controlling stake in the company.

Reporting by TJ Strydom. Editing by Jane Merriman

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below