Wiese received $198.5 million in cash and a five-percent share in Pepkor.
Pepkor
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South African mogul Christo Wiese-linked Pepkor acquires controlling stake in Brazilian retailer
The deal will conclude on Feb. 4 through the acquisition of shares from Kinea Private Equity and the Caselli family.
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Christo Wiese-linked retailer Steinhoff plans to settle with claimants in Pepkor-related transaction
by Ishioma Emiby Ishioma EmiIn 2014, Wiese sold Pepkor to Steinhoff in exchange for about 20 percent of Steinhoff’s issued shares.