Firm no longer faces mass of potentially crippling lawsuits
About 14 months after it first told the market of its proposal to settle most of the legal claims against it, Steinhoff has finally been given the green light to press on to what it hopes is the final phase of its €1.42bn offer to claimants.
On Friday the company said all its claimants, in all four meetings held in terms of the proposal, had voted in favour of the deal. The question now is whether the worst is finally behind the group...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.
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