Steinhoff says deal with former chairman's entities unconditional

Steinhoff reached an agreement with Conservatorium Holdings and certain entities linked to former chairman Christo Wiese.
Steinhoff reached an agreement with Conservatorium Holdings and certain entities linked to former chairman Christo Wiese.
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.

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