Business Maverick: Steinhoff’s Unitrans Is Said to Be Worth Up to $280m

📆 01/04/2019 07:45:00
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Business Maverick: Steinhoff's Unitrans Is Said to Be Worth Up to $280m By Bloomberg

Steinhoff International Holdings NV’s Unitrans Motor Group, which the embattled retailer is in talks to sell, may be valued at as much as $280 million, according to people familiar with the matter.

The companies still need to agree terms for the sale, Steinhoff said in a statement. Steinhoff declined to comment on Unitrans Motor’s value, while CFAO wouldn’t say what price it may pay.

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