Breaking : South African raider dashes Sainsbury’s hopes of grabbing Home Retail Group


Sainsbury s hopes of grabbing Home Retail Group (HRG), owner of Argos, have been hit by a last-minute £1.4billion bid tabled by a South African stores conglomerate. Steinhoff, which is 17 per cent owned by South African retail billionaire Christo Wiese, (pictured) has approached HRG with a cash offer believed to be worth 175p a share [more ]
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