Poundland Sold to South African Firm for £600 Million

[arista]

K.Ching

http://news.sky.com/story/poundland-agrees-takeover-deal-worth-163597m-10500020http://news.sky.com/story/poundland-agrees-takeover-deal-worth-163597m-10500020


http://statics.192.com/estreet/original/large/2111/21119976.jpg

[Steinhoff is backed
by South African
billionaire Christo Wiese
whose Brait investment group
also owns controlling
stakes in Virgin Active,
New Look and food chain Iceland.]

Yes Christo Sir
Thats a Big Empire there.
Do I mind if you sell Frozen
meal for a pound?
No go ahead fella

Life In The City

[jaxie]

Great to see someone investing in the country that dared to Brexit.

[arista]

Great to see someone investing in the country that dared to Brexit.


He got a Discount


Big changes in Every Poundland
will Get Mega Changes.
And Fresh Sweet South African Grapes
in a Special Poundland
Card easy eat tray.


Christo
Bang On Right

[Crimson Dynamo]

£600 million?

surely they were overcharged?

[arista]

£600 million?

surely they were overcharged?


No LT
Under charged

Poundland last year bought 99p stores
So a massive amount of Stores
for his empire

[Crimson Dynamo]

I thought everything was a £1?

:suspect:

[bots]

No LT
Under charged

Poundland last year bought 99p stores
So a massive amount of Stores
for his empire

so there would need to be 600 million shops for it to be worth the price :smug:

[Withano]

poundland stocks went down 15% since brexit, so not surprised.

[arista]

I thought everything was a £1?

:suspect:


Yes in some stores by the Till's
they were selling BluRays
and a few items - all with Prices clear.

But Everything on Shelf's is One pound

[arista]

poundland stocks went down 15% since brexit, so not surprised.

Yes Buying 99p Stores
with that complex share bit
took time.
Months Back,
Well Before Brexit


Christo needs to use his magic on
global stocks
as well as China

[Withano]

Yes Buying 99p Stores
with that complex share bit
took time.
Months Back,
Well Before Brexit


Christo needs to use his magic on
global stocks
as well as China

Hi Arista. No. They have gone down 15% since Brexit, its safe to assume thats the reason for the sale. Hope that clears things up. Wonder which chain is next?