News Formal

German shareholder group gears up to fight 'unfair' Steinhoff debt plan in court | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A major German investors' group says it has amassed funds to fight against Steinhoff's recently announced restructuring plan, saying it leaves shareholders with nothing. | JanTamb News24_Business

A major group of German investors says it has the necessary funds to fight Steinhoff's recently announced restructuring plan, which risks leaving shareholders with nothing.

The Schutzgemeinschaft der Kapitalanleger is a private body representing shareholders' rights and interests in Germany and other countries. "SdK is convinced that it can build up considerable pressure on [Steinhoff's] board of directors," said board member Marc Liebscher.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JanTamb _Business Steinhoff at it again

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COMPANIES: Whoa — Steinhoff launches Dutch restructuring plan that leaves shareholders high and dryDays after a German shareholder group blocked retail holding company Steinhoff International Holdings’ debt relief plan, the fraud-hit group has launched a Dutch Whoa restructuring plan that could see debt repayment dates extended for three years, leaving shareholders with nothing.
Source: dailymaverick - 🏆 3. / 84 Read more »