Steinhoff Acquires Poundland Stake Ahead of Possible Takeover

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  • Bid could value U.K. retailer at 671 million pounds: Peel Hunt
  • Steinhoff could combine discount chain with Pep & Co in U.K.

Steinhoff International Holdings NV acquired almost a quarter of Poundland Group Plc’s shares as the South African company stages its latest attempt to buy a European retailer after twice being denied in recent months.

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