Loading...
See More

JD Group buys 19 Steinhoff properties

Dec 14 2012 11:07 Reuters

Company Data

JD GROUP LIMITED [JSE:JDG]

Last traded 0
Change 0,5
% Change 0
Cumulative volume 9326
Market cap 6.60bn

Last Updated: 28-01-2015 at 04:00. Prices are delayed by 15 minutes. Source: McGregor BFA

STEINHOFF INTERNATIONAL HOLDINGS LTD [JSE:SHF]

Last traded 0
Change -0,03
% Change 0
Cumulative volume 7797789
Market cap 151.89bn

Last Updated: 28-01-2015 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Steinhoff European IPO could raise $2bn

JD Group poised for growth

JD Group forecasts higher earnings

Steinhoff, Kap in $1.1bn deal

Steinhoff ups earnings

Steinhoff to take over JD Group

 

Johannesburg - Retailer JD Group [JSE:JDG] said on Friday it had acquired 19 properties and leases from Steinhoff International Holdings [JSE:SHF] in exchange for JD Group shares worth R447m. 

JD Group said the purchase would be done through a fresh issue of 9.5 million JD Group shares at a price of R47 per share. 

The company said the transaction was aimed at diversifying its asset base.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

steinhoff international  |  jd group

NEXT ON FIN24X

 

Latest Articles

6 motivational tips to help you save this year Read More...
Invest for Income Read More...
15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...