Steinhoff shares tank after another multibillion-rand settlement
Steinhoff says it has reached a settlement with the firm LWS on Monday to end all outstanding litigation between the parties
21 February 2023 - 13:53
Debt-laden Steinhoff share price plummeted almost 10% on Tuesday in early trade on the news it had settled a lawsuit relating to a former business partner of Markus Jooste and European retailer Conforama, which it sold in 2020.
The settlement is worth €202.12m (R3.9bn)...
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