STEINHOFF INTERNATIONAL HOLDINGS N.V. (NASDAQ:SNHFF) EQS-News: Steinhoff International Holdings N.V. : Conditional settlement with LSW
Transparency directive : regulatory news
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EQS-News: Steinhoff International Holdings N.V.
/ Key word(s): Miscellaneous
Steinhoff International Holdings N.V. – Conditional settlement with LSW Steinhoff International Holdings N.V. (the “Company” or “Steinhoff” and with its subsidiaries, the “Steinhoff Group”). As previously disclosed in the Company’s annual reports, litigation with certain entities including and affiliated to LSW GmbH (the “LSW Entities”) relating to the Conforama Group has been ongoing between the parties. On 20 February 2023 Steinhoff and certain LSW Entities reached a full and final settlement of all outstanding litigation between the parties to be concluded before the Commercial Court of Vienna for total payment of €202.12 million (“the Settlement”). The Settlement is subject to the fulfilment of certain conditions, including Steinhoff Group lender consent. The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited. Stellenbosch, 21 February 2023
21.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Steinhoff International Holdings N.V. |
| cnr Adam Tas and Devon Valley Road | |
| 7600 Stellenbosch | |
| South Africa | |
| Phone: | +27218080700 |
| Fax: | +27218080800 |
| E-mail: | investors@steinhoffinternational.com |
| Internet: | www.steinhoffinternational.com |
| ISIN: | NL0011375019 |
| WKN: | A14XB9 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1564611 |
| End of News | EQS News Service |
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1564611 21.02.2023 CET/CEST