A separate flotation of the European division of the Steinhoff concern could generate emission income of roughly 1.5bn.This was reported by Steinhoff CEO Markus Johannes Jooste on 20 February 2012 in an interview with the Bloomberg press agency.Steinhoff reports that the income could be used for additional acquisitions,with the focus on Latin America and Eastern Europe.In Eastern Europe,the primary objective is to be the takeover of smaller trading companies,with potential candidates in Rumania and Turkey for example.In contrast,Jooste sees acquisition possibilities in Western Europe as exhausted.
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