COMPANY COMMENT
Steinhoff almost ready to settle with shareholders
Pepkor shares and cash will be paid to those affected by plunge in share price
18 January 2021 - 19:59
Steinhoff, the global furniture manufacturer and retailer, has just a few more fights ahead of it before it can negotiate the terms of a settlement with shareholders affected by its disastrous “accounting irregularities”.
If all goes according to plan in SA and English courts the company should by the latter half of 2021 begin to conclude a settlement that will comprise cash and Pepkor shares for those affected by the steep plunge in its share price...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.