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Steinhoff Considers IPO of Pepco, Poundland Owner

  • Company considers selling shares of unit in London, Warsaw
  • South African retailer in final stages of debt restructuring
The  Pepco King Cross centre store in Poznan, Poland.

The  Pepco King Cross centre store in Poznan, Poland.

Pepkor Europe Group
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Steinhoff International Holdings NV is considering an initial public offering of Pepkor Europe, its fastest-growing unit, as the scandal-hit South African retailer seeks funds for the next phase of its recovery plan, people familiar with the matter said.

The company has been discussing a listing of Pepkor Europe with potential advisers, according to the people, who asked not to be identified because the information is private. The business -- which owns the Pepco and Dealz chains as well as Poundland in the U.K. -- could sell shares in the next year, the people said.