Steinhoff’s legal woes leave little for those holding stock
20 August 2019 - 17:55
Steinhoff International Holdings may have about €15bn (R255.1bn) of assets and stakes in profitable companies such as Pepkor Holdings, but you will not see that reflected in the share price.
The market capitalisation of the embattled retailer languished at an all-time low of €239m on Tuesday, suggesting shareholders have little chance that the proceeds of any future disposals will feed through to them...
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