Dealz-Poundland to sell shares that may value discount retailer at €5bn                

A Dealz store in Clonakilty, West Cork, one of almost 100 outlets in the Republic. Photo: Andy Gibson

The owner of Dealz-Poundland in Ireland and Pepco in Poland plans to list its shares as part of a long-delayed spin-off that may value the discount retailer at €5bn.                           

Its ultimate parent, South African retail group Steinhoff had long eyed spinning out its discount grocery, confectionery, and clothing retailer in Europe but was engulfed by an accounting scandal about four years ago.