The private owners of Kika/Leiner Group have sold the company to Steinhoff Group AG. Financial details have not been disclosed.
Steinhoff Europe is an integrated retailer that manufactures, sources and retails furniture, household goods and general merchandise in Europe, Australasia and Africa.
Kika/Leiner Group is a leading Austrian furniture retailer with branches in Austria, Hungary, Czech Republic, Slovakia and Romania.
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.
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