General merchandise

Poundland owner prepares for sale or float

By 2019-08-16T06:42:00

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Poundland owner Pepkor Europe is understood to be mulling a €4bn (£3.6bn) sale or flotation next month.

Pepkor Europe has separated itself from struggling parent company Steinhoff and refinanced its high-interest debts, according to The Times.

It is understood Poundland’s owner has already held meetings with advisors and will find bankers next month to advise on a process to explore a stock exchange listing or a sale.

Sources told the Times the discount retailer was likely to attract interest from private equity firms.

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