Pepkor Europe, which owns Poundland, could soon be sold or floated in a €4bn (£3.6bn) deal, according to media reports.
According to The Times, Pepkor Europe has had meetings with bankers and lawyers to advise on a dual track process to explore a sale or an initial public offering.
Poundland has 853 shops in the UK and Ireland. It was floated in 2014 for £750m and two years later was bought by South African retailer Steinhoff.
A decision is expected to be made next month
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