UPDATE 1-Steinhoff agrees $794 mln takeover of UK?s Poundland
 

UPDATE 1-Steinhoff agrees $794 mln takeover of UK?s Poundland
LONDON, July 13 (Reuters) - South Africa's Steinhoff will strengthen its presence in the British retailsector after agreeing a 597 million pound ($794 million)takeover of discount chain Poundland, it said onWednesday.