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Steinhoff’s European subsidiaries complete €9bn restructuring

By Benjamin Clarke

20 August 2019

Steinhoff’s European subsidiaries complete €9bn restructuring Johannesburg / iStock.com/THEGIFT777

Scandal-hit South African retail group Steinhoff has announced the completion of its €9 billion European restructuring, but the news has failed to stop its share price falling below 1 Rand for the first time.