People familiar with the matter say lower end of the valuation range may be about $204m as retailer is in talks to sell car dealership to local unit of Toyota Tsusho Corporation’s CFAO Holdings
Steinhoff International Holdings’ Unitrans Motor Group, which the embattled retailer is in talks to sell, may be valued at as much as $280m, according to people familiar with the matter.
The companies still need to agree terms for the sale, Steinhoff said in a statement. Steinhoff declined to comment on Unitrans Motor’s value, while CFAO would not say what price it may pay.
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