South Africa’s Steinhoff lawsuit settlement - Reuters News Agency
Business & FinanceReuters News First

South Africa’s Steinhoff lawsuit settlement

Reuters was three seconds ahead on Sept 6 with news that scandal-hit South African retailer Steinhoff had won creditors’ approval for its lawsuit settlement offer to claimants who lost money when it revealed holes in its accounts in 2017. 

Market Impact

The news sent Steinhoff shares down 16%. The stock ended 39% lower for the day.



Article Tags
Topics of Interest: Business & FinanceReuters News First
Type: Reuters News First
Sectors: EquitiesRetail & Consumer Goods
Regions: Africa
Countries: South Africa
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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