Steinhoff seeks lenders’ nod to list EU discount retailer
Company aims to extract as much value as possible from its businesses and plans to list Pepco Group
19 April 2021 - 09:45
Steinhoff International, which is still battling to recover from the accounting scandal that cost investors billions of rand just more than three years ago, on Monday asked for permission from its creditors to list its European discount retailer, Pepco Group.
The SA consumer goods retailer — which has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE, is on a drive to extract as much value as possible from its portfolio of businesses spread across Africa, Europe, US and Asia...
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