Chronicle Journal: Finance

Steinhoff raises $314 mln from stake sale in African unit to help cut debt

JOHANNESBURG, April 12 (Reuters) - Troubled South African retailer Steinhoff, raised 3.75 billion rand ($314 million) from the sale of a 6 percent stake in its domestic Steinhoff Africa Retail (STAR) operation, to reduce debt, it said on Thursday.
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