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Steinhoff Considers Alternative Approaches To Concluding Irregularities Claims

South African retailer Steinhoff International Holdings, which faces accounting irregularities that invited a number of litigations and claims said it intends to see if there are alternative approaches to concluding claims, including settlement following negotiations.

The company, however does not guarantee that the settlements will be agreed to or will happen immediately.

Steinhoff said it has requested the claimants' representatives to disclose the relevant information to the company besides the identity of the claimants and the size of their stake in the company "for those claimants which they contractually represent."

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