Steinhoff Says Alteri Investors To Buy Blue Group Hold From Co

Nov 15 (Reuters) - Steinhoff International Holdings NV :

* ALTERI INVESTORS TO ACQUIRE BENSONS FOR BEDS, HARVEYS FURNITURE AND ASSOCIATED GROUP OF MANUFACTURING COMPANIES

* ALTERI INVESTORS TO ACQUIRE BENSONS FOR BEDS, HARVEYS FURNITURE AND ASSOCIATED GROUP OF MANUFACTURING COMPANIES

* WITH BACKING OF NEW OWNERS, MANAGEMENT WILL BE ABLE TO DRIVE CONTINUED IMPROVEMENT IN PERFORMANCE OF GROUP

* ALTERI INVESTORS REACHED AGREEMENT TO ACQUIRE BLUE GROUP HOLD CO LTD FROM STEINHOFF INTERNATIONAL HOLDINGS N.V.

* ALTERI INVESTORS WILL WORK WITH MANAGEMENT TEAM TO DEVELOP STRATEGY TO TRANSFORM GROUP'S PROFITABILITY.

* SALE OF BLUE GROUP IS LATEST IN A SERIES OF PLANNED DIVESTMENTS BY STEINHOFF

* INVESTMENT TO BE MADE FROM ALTERI'S INVESTMENT VEHICLE WITH BACKING OF FUNDS & ACCOUNTS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT Source text for Eikon: Further company coverage:

2019-11-15 13:05:26

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