Who will Steinhoff target next after talks sour with Shoprite

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London - The collapse of the talks between Steinhoff and Shoprite [JSE:SHP] to create Africa’s biggest retailer raises questions about Steinhoff’s next move, according to an analyst at Exane BNP Paribas.

Graham Renwick said one possibility is that Steinhoff will look at other targets.

A tie-up would have been the latest step in an acquisition spree that’s taken Steinhoff from Europe to the UK and the US.

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