Chronicle Journal: Finance

UPDATE 1-Steinhoff sells 6 percent of 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 Steinhoff Africa Retail (STAR), another step in its efforts to shore up its finances and pay down debt.
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