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.
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