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JD Group buys 19 Steinhoff properties

Dec 14 2012 11:07 Reuters

Company Data

JD GROUP LIMITED [JSE:JDG]

Last traded 22.99
Change 0.74
% Change 0.03
Cumulative volume 140094
Market cap 6.19bn

Last Updated: 21/08/2014 at 04:24. Prices are delayed by 15 minutes. Source: McGregor BFA

STEINHOFF INTERNATIONAL HOLDINGS LTD [JSE:SHF]

Last traded 51.92
Change -0.56
% Change -0.01
Cumulative volume 13455128
Market cap 127.72bn

Last Updated: 21/08/2014 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

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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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