SHF
SHF
SHF - Steinhoff - Approval of the disposal of The South African Furniture
Manufacturing Interests
STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration no. 1998/003951/06)
Ordinary share code: "SHF"
ISIN: ZAE000016176
("Steinhoff")
APPROVAL OF THE DISPOSAL OF THE SOUTH AFRICAN FURNITURE MANUFACTURING
INTERESTS
With reference to the announcement published on 22 May 2007 relating to the
disposal by Steinhoff of its South African Furniture Manufacturing
interests ("Bravo Group") to a private equity consortium led by ABSA
Capital, a division of ABSA Bank Limited and Bravo Group management, for a
purchase consideration of R1 375 million ("the Bravo Group disposal"),
shareholders are advised that the South African Competition Tribunal has,
on 01 August 2007, unconditionally approved such disposal.
Consequently, the Bravo Group disposal has become unconditional and
settlement and delivery in accordance with the terms of the relevant
agreements will be effected within the next few days.
Wynberg, Sandton
02 August 2007
Sponsor - PSG Capital (Pty) Limited Equity Investor - ABSA Capital, a
division of ABSA Bank Limited
Date: 02/08/2007 11:14:24 Produced by the JSE SENS Department.
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