The private owners of Kika/Leiner Group have sold the company to Steinhoff Group AG. Financial details have not been disclosed.
Kika/Leiner Group is a leading Austrian furniture retailer with branches in Austria, Hungary, Czech Republic, Slovakia and Romania.
Steinhoff Europe is an integrated retailer that manufactures, sources and retails furniture, household goods and general merchandise in Europe, Australasia and Africa.
Oaklins' team in Austria supported the private owners in selling their shares in Kika/Leiner Group to Steinhoff Group. The team also prepared a valuation report.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.