After merger fail Steinhoff eyes controlling stake in Shoprite

PUBLISHED: Mon, 14 Aug 2017 10:43:37 GMT
Share

Following a failed merger in February this year, Steinhoff is making another play for a controlling stake in supermarket operator Shoprite in a share deal worth R35.5 billion. Joining CNBC Africa to give analysis is Retail Analyst, Syd Vianello.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.