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Steinhoff plans share sale

Furniture and clothing retailer Steinhoff International moves to strengthen its finances following recent acquisitions. ||| Johannesburg - Steinhoff International plans to raise as much as 2.4 billion euros ($2.7 billion) by selling shares, strengthening its finances following recent acquisitions by the South African furniture and clothing retailer. The company plans to sell as many as 484 million shares to investors, Steinhoff said in a statement on Wednesday.
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