Steinhoff raises $314 mln from stake sale in African unit to help cut debt
April 12, 2018 at 01:45 AM EDT
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.