Poundland Group PLC

Poundland owner gears up for €4bn float or sale

According to reports, Pepkor Europe has been speaking to advisors and bankers about a possible float or sale which would value it at around €4bn

Poundland -
Poundland used to be listed on the LSE before it was bought out in 2016

The owner of Poundland is gearing up for a sale or stock market float which could see it valued at up to £3.7bn (€4bn).

According to reports, Pepkor Europe has held meetings with legal advisers and will sound out bankers next month to explore a float or sale.

Citing sources, The Times said the business has recently refinanced its high-interest debts and moved to untangle itself from Steinhoff – its scandal-ridden parent company.

Should a sale or IPO materialise, Pepkor Europe is expected to be valued at around €4bn and would likely attract “significant interest” from private equity firms.

Poundland was previously listed on the London Stock Exchange before being taken out by South African retailer Steinhoff for £610mln in 2016.

Steinhoff then combined Poundland with its other discount chain Pepkor and Pep & Co, its growing fashion brand, to create Pepkor Europe.

Quick facts: Poundland Group PLC

Price: £0.00

Market: LSE
Market Cap: £0.00

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: hVIVO PLC's 2020 pipeline 'looking strong' as it expands...

hVIVO PLC's (LON:HVO) executive chairman Trevor Phillips tells Proactive London's Andrew Scott the business is now better positioned to be profitable next year. The creator of pioneering human disease models based upon viral challenge generated revenues of £5.9mln in the six months ended June...

1 hour, 7 minutes ago

2 min read