Steinhoff shops for Darty

03 March 2016 - 02:41

By Reuters

Furniture group Steinhoff's Conforama unit is considering a counterbid for Darty, Europe's No3 electrical goods retailer, competing with retailer Fnac's agreed offer for the company. Conforama said yesterday it had approached Darty about a £662-million (about R14.5-billion) cash bid.Darty, which has agreed a takeover by French books and music retailer Fnac, said it was considering the approach.

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