Reuters was three seconds ahead on Sept 6 with news that scandal-hit South African retailer Steinhoff had won creditors’ approval for its lawsuit settlement offer to claimants who lost money when it revealed holes in its accounts in 2017.
Business & FinanceReuters News First
South Africa’s Steinhoff lawsuit settlement
06 September 2021, 5:23 pm 1 minute
Market Impact
The news sent Steinhoff shares down 16%. The stock ended 39% lower for the day.
Article Tags
Topics of Interest: Business & FinanceReuters News First
Type: Reuters News First
Sectors: EquitiesRetail & Consumer Goods
Regions: Africa
Countries: South Africa
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
