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This strategic change, involving the transfer of assets and the delisting, aims to save the company from a long and disorganised liquidation process. ....
Once Steinhoff was the darling of the Johannesburg Securities Exchange (JSE), a local supergroup that attracted investors in droves, its share price taking off and illustrating the deal-making prowess of its racehorse-loving CEO Markus Jooste. ....
Retailer Steinhoff has launched a new restructuring plan in a bid to win a three-year debt repayment holiday, which may see its retail shareholders left empty-handed. ....
Steinhoff International Holdings NV can start paying out a $1.6bn (R24.4bn) settlement to investors who lost out in the wake of the retailer’s 2017 accounting scandal, drawing a line under years of legal battles. ....