Gleiss Lutz advised the global retailer Steinhoff International Holdings N.V. on the financing of the recommended cash offer by its subsidiary Steinhoff Europe AG for the acquisition of the UK listed Poundland plc.
Steinhoff has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the Johannesburg Stock Exchange and has a current market capitalisation of approximately EUR 21 billion, approximately 105,000 employees and broad global operations with a presence in the UK, Continental Europe, Southern Africa and the Pacific Rim. Poundland is a British variety store chain that sells most items in its stores for £1.
The lead financing team advising Steinhoff consisted of: Dr. Eva Reudelhuber (Lead, Partner), Yana Koch and Nikolos Tsagareli (all Gleiss Lutz, Banking and Finance, Frankfurt) together with the London based law firm Macfarlanes LLP.
Gleiss Lutz has advised Steinhoff on various financings in the past.
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