Sainsbury given more time for Home Retail bid after Steinhoff offer

British supermarket operator Sainsbury has been given more time to make a firm bid for Argos-owner Home Retail, after a possible higher rival offer from SA’s Steinhoff International emerged on Friday.

Home Retail said on Monday the Takeover Panel watchdog had extended Tuesday’s deadline for Sainsbury to formalise its takeover proposal to March 18, the same date as for Steinhoff to make a firm bid or walk away.

Private Equity Firm KKR To Invest $100 Million In Africa, Nigeria Regional Base.

KKR & Co, one of the largest private equity firms in the world, plans to invest as much as $100 million in Africa within the next one year, according to Reuters.

Henry Kravis, co-chairman, co-chief executive officer a

During a visit with a French business delegation to Nigeria, Dominique Lafont, a senior advisor at KKR, said the private equity firm is looking at investing in the agriculture and energy industry as well as in infrastructure projects.