Steinhoff execs resign from KAP board

2019-04-04 15:25

Following the reduction of Steinhoff's 26% indirect stake in KAP Industrial Holdings, its executives on the KAP board tendered their resignations.

Steinhoff reaches agreement to sell shares in car dealer network Unitrans

2019-03-28 09:36

Steinhoff announced on Thursday that it had reached an in-principle agreement to sell 74.9% of Steinhoff Africa’s shares in automotive dealer network Unitrans.

Steinhoff to sell off stake in KAP to pay debt

2019-03-26 17:31

Steinhoff intends to sell over 600 million of its shares in KAP Industrial Holdings in an accelerated book build which would raise funds needed for it to meet its various obligations.

Investors rush to get in on Steinhoff's KAP share sale

2018-03-14 11:52

Less than 24 hours after announcing that it had decided to sell part of its stake in KAP Industrial Holdings, Steinhoff announced it had raised R3.667bn.


Steinhoff's Unitrans is said to be worth up to R4 billion

2019-03-29 08:53

Steinhoff's Unitrans Motor Group, which the embattled retailer is in talks to sell, may be valued at as much as $280m (R4bn at current exchange rates), according to people familiar with the matter.

Steinhoff raises R4.8bn in share sale

2019-03-27 09:50

Steinhoff managed to raise R4.8bn by placing over 600 million of its shares in KAP Industrial Holdings on offer.

KAP Industrial moves beyond Steinhoff pain in horrid year

2018-08-16 20:27

KAP Industrial is finally seeing an end to the damage from its association with scandal-plagued Steinhoff International.

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