Steinhoff proposes settling lawsuits through cash and Pepkor shares
About 90 legal proceedings have been launched against the group after an accounting scandal
27 July 2020 - 09:10
Embattled retailer Steinhoff International has proposed settling some of the dozens of lawsuits against the group through payment in cash and Pepkor shares.
About 90 separate lawsuits have been filed against Steinhoff, with combined claims of more than R136bn, after the group uncovered a €6.5bn (about R120bn) hole in its accounts in 2017...
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