Steinhoff International Holdings on Wednesday said a February deal with entities connected to former chairman and second largest shareholder Christo Wiese has now become unconditional.
Last month, Steinhoff reached an agreement with Conservatorium Holdings and certain entities linked to Wiese, leading to Conservatorium withdrawing a court application and helping the retailer muster more support towards a global settlement plan following an accounting fraud in 2017.
Steinhoff says deal with former chairman's entities unconditional
Image: Supplied\File
Steinhoff International Holdings on Wednesday said a February deal with entities connected to former chairman and second largest shareholder Christo Wiese has now become unconditional.
Last month, Steinhoff reached an agreement with Conservatorium Holdings and certain entities linked to Wiese, leading to Conservatorium withdrawing a court application and helping the retailer muster more support towards a global settlement plan following an accounting fraud in 2017.
Steinhoff’s insurers agree to pay R1.38bn to settle certain claims
Law enforcement agencies bemoan shortage of investigators
NPA says 'no conflict of interest' in Steinhoff paying R30m towards investigation
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