FAN 0.00% $3.50 fantastic holdings limited

News: FAN Steinhoff to acquire Australia's Fantastic Holdings for $274 million

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    JOHANNESBURG, Oct 14 (Reuters) - South Africa's furniture retailer Steinhoff International SNHG.DE plans to buy Fantastic Holdings' (FAN) entire stake for 361 million Australian dollars ($274 million), the Sydney-based firm said.

    The companies had reached an agreement under which Steinhoff's Asia Pacific unit will acquire all of Fantastic Holdings' issued shares, the Australian firm said in a statement.

    ($1 = 1.3187 Australian dollars)

 
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