Steinhoff publishes restructuring plan
New move to avert a fire sale of assets and forced bankruptcy if it defaults on its debt in June
27 April 2023 - 17:12
Indebted retail holding company Steinhoff published its restructuring plan late on Wednesday, which will allow it to embark on a slow sale of assets to get the best value for them rather than declare bankruptcy.
The plan, a form of restructuring that includes delisting, will need to be made an order of the court and is similar to what was proposed in December and rejected by shareholders...
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