Steinhoff International Holdings NV (SNHJ.J)
South African retailer Steinhoff International Holdings N.V. said it had agreed to sell Kika/Leiner furniture and household goods retail unit to Austrian property and retail investor Rene Benko's Signa Holding GmbH for a "nominal amount".
June 22 South African retailer Steinhoff International Holdings N.V. said it had agreed to sell Kika/Leiner furniture and household goods retail unit to Austrian property and retail investor Rene Benko's Signa Holding GmbH for a "nominal amount".
* Contract details to be fixed within the next days (Adds confirmation from Steinhoff, detail, background)
VIENNA, June 14 Austrian property and retail investor Rene Benko has reached a deal to buy Steinhoff's Austrian unit Kika/Leiner, saving the division from bankruptcy, two Austrian newspapers reported on Thursday.
JOHANNESBURG, June 12 Steinhoff has won more creditor support to give the South African retailer time to restructure debts totalling 9 billion euro ($11 billion) in a fight for survival.
AMSTERDAM, June 13 Dutch shareholders on Wednesday filed a lawsuit against Deloitte seeking damages for alleged failures in the accounting firm's vetting of the books of retailer Steinhoff International NV , the Netherlands' association of retail investors said.
VIENNA, June 8 Retailer Steinhoff's Austrian unit Kika/Leiner has not managed to find a new credit insurer by Friday as planned, despite creditor support for its South African parent, and is now hoping for a solution next week, it said.
VIENNA, June 4 Credit insurers have decided to withdraw insurance cover for South African retailer Steinhoff International's loans, Steinhoff's Austrian subsidiary Kika/Leiner said on Monday.
* Posts 12 rise in H1 profit (Adds 500 million rand provision, updates shares)
JOHANNESBURG Scandal-hit South African retailer Steinhoff has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.