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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Steinhoff International Holdings N.V.    SNH   NL0011375019

STEINHOFF INTERNATIONAL HOLDINGS N.V.

(SNH)
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Steinhoff International N : European Investors VEB support Steinhoff's $1 billion offer to settle global lawsuits

07/27/2020 | 12:51pm EST

Shareholder rights group European Investors VEB said on Monday it supports Steinhoff's proposal to pay around $1 billion (778 million pounds) to settle outstanding legal claims following a massive accounting fraud.

The Netherlands-based group is one of the claimants holding the South African retail group liable for all losses incurred by shareholders after Steinhoff revealed holes in its accounts in December 2017.

VEB also said it has agreed to withdraw its collective legal battle, which started in 2018, against Steinhoff in the Netherlands with immediate effect.

(Reporting by Nqobile Dludla; Editing by Susan Fenton)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
PEPKOR HOLDINGS LIMITED -1.82% 13.45 End-of-day quote.-25.57%
STEINHOFF INTERNATIONAL HOLDINGS N.V. -2.41% 0.81 End-of-day quote.-3.57%
All news about STEINHOFF INTERNATIONAL HOLDINGS N.V.
11/23STEINHOFF INTERNATIONAL N : SHFF - Limited - Reviewed Annual Results For Pepkor ..
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11/23STEINHOFF INTERNATIONAL HOLDINGS N.V : ???????reviewed annual results for pepkor..
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11/06STEINHOFF INTERNATIONAL HOLDINGS N.V : ???????update on steinhoff lender consent..
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11/04STEINHOFF INTERNATIONAL N : SNH - Update On Steinhoff Lender Consent Request
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11/04STEINHOFF INTERNATIONAL N : SHFF - Limited - Update On Steinhoff Lender Consent ..
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11/04STEINHOFF INTERNATIONAL HOLDINGS N.V : Update on steinhoff lender consent reques..
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Financials
Sales 2019 11 992 M 14 245 M 14 245 M
Net income 2019 -1 622 M -1 927 M -1 927 M
Net Debt 2019 9 397 M 11 163 M 11 163 M
P/E ratio 2019 -0,15x
Yield 2019 -
Capitalization 186 M 220 M 221 M
EV / Sales 2018 0,83x
EV / Sales 2019 0,80x
Nbr of Employees 110 000
Free-Float 88,5%
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Technical analysis trends STEINHOFF INTERNATIONAL HOLDINGS N.V.
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Income Statement Evolution
Managers
NameTitle
Louis J. du Preez Chief Executive Officer
Moira Moses Chairman-Supervisory Board
Theodore Le Roux de Klerk Chief Financial Officer & Operations Director
Stefanes Francois Booysen Independent Member-Supervisory Board
Angela Krüger-Steinhoff Member-Supervisory Board
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