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

[ahlam1399]

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

UPDATE 1-Steinhoff agrees 4 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.

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