RESTRUCTURING PLANS
Steinhoff comes up with new debt plan — shareholders lose everything
Board agrees on a radical draft plan to enter into an insolvency process with creditors
28 March 2023 - 20:51
Steinhoff’s shareholders will lose everything if the latest restructuring plan is put into place, with the company saying its board had agreed on a draft plan to enter into an insolvency process with creditors.
The company is effectively bankrupt and has €10bn in debt due in June that it cannot repay...
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