logo
Plus   Neg
Share
Email

Steinhoff To Consider Early Resolution Of Claims - Quick Facts

Steinhoff International Holdings N.V. said it continues to manage the various litigation claims against the Group as well as assessing claims available to Steinhoff against third parties. As part of the overall litigation strategy, Steinhoff will also consider early resolution of the claims brought against it. The company will also consider the possibility of using the permitted settlement arrangements introduced into the new terms of the Steinhoff finance documents and approved as part of the financial restructuring implemented in August 2019. These arrangements may include, among other
options, an equity issuance by Steinhoff.

Steinhoff also said it is evaluating a range of strategic options for the Pepco Group, including a potential public listing. This process remains in its early stages.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT