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LATEST NEWS FOR Steinhoff International Holdings N.V.  

Steinhoff is an integrated retailer that retails, sources and manufactures household goods and general merchandise in the United Kingdom, Europe, Africa and Australasia. Retail operations are positioned towards price conscious (value) consumer segmen... [more info]

Why former Tekkie Town owners want Steinhoff liquidated

14 May 2021 /  Ann Crotty   6
For one thing, the ‘financial creditors’ – a third category of claimants – are set to receive the full face value of their debt.

Voormalige direkteure van Tekkie Town doen aansoek vir Steinhoff se likwidasie

13 May 2021 /  Ryk van Niekerk  
Bernard Mostert - voormalige uitvoerende hoof, Tekkie Town.

Pepco’s Warsaw IPO likely to be priced at 40 zloty per share, say bookrunners

12 May 2021 /  Alan Charlish, Reuters  
Meaning shareholders may sell stock worth around 3.7 billion zlotys in what may be Poland's biggest IPO of 2021.

Lewis and Pepkor surge to 52-week highs

12 May 2021 /  Suren Naidoo  
On the back of strong trading updates

Lots of ‘No votes’ at Steinhoff AGM

3 May 2021 /  Ann Crotty   6
But only 13.4% of shareholders attended …

Steinhoff could consider raising equity – CEO

1 May 2021 /  Nqobile Dludla, Reuters   2
As the retailer looks to reduce its debt and financing costs.

Pepkor expects 20% surge in half-year earnings

UPDATE
28 Apr 2021 /  Suren Naidoo  
Strong cash generation sees group slash debt by R8bn since March last year, despite Covid-19.

Steinhoff to proceed with Pepco IPO on Warsaw stock exchange

UPDATE
26 Apr 2021 /  James Davey, Reuters  
Poland is Pepco's biggest market; sources value group at around €5bn.

Ahead of expected IPO, Pepco takes PEPCO brand to Spain

23 Apr 2021 /  James Davey, Reuters   1
Its entry into Spain follows a successful opening in Italy where it has traded five stores since September 2020.

Steinhoff’s no-news Sens statements

6 Apr 2021 /  Ann Crotty   17
It’s as though the board is trying to make up for its refusal to release the PwC forensic report into the group by dribbling out an equivalent 3 000 pages of 'announcements'.

Lockdown, logistical challenges hinder Master Drilling’s revenue

24 Mar 2021 /  Simon Brown  
Sasfin's Nesan Nair on Resilient results and more Steinhoff settlements. AdvTech CEO Roy Douglas talks strong results for schools. Danie Pretorius, Master Drilling CEO, as profits plunge under lockdown.

Steinhoff: Wiese and Schreiber to be sheltered

24 Mar 2021 /  Ann Crotty   8
Group does a U-turn on its plan to regard them as individuals who could be sued for their alleged roles in its collapse.

When R2.7bn is peanuts

24 Mar 2021 /  Adriaan Kruger   4
Former Steinhoff auditors and insurers agree to pay €156m to settle legal claims.

Steinhoff-versekeraars gaan R1.3 miljard namens direkteure opdok

23 Mar 2021 /  Moneyweb  
Omri Thomas - portefeuljebestuurder, Abax Investments

Steinhoff insurers agree to pay $93m for legal claims

UPDATE
23 Mar 2021 /  Janice Kew, Bloomberg   4
The bulk of the money will be offered to shareholders that bought stock on the open market in exchange for certain waivers and releases.

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