Stein­hoff res­cue hits a pot­hole

The Citizen (Gauteng) - - BUSINESS -

Stein­hoff In­ter­na­tional’s ef­fort to res­cue its Euro­pean busi­ness has been de­layed.

LSW GmbH, “which says it’s a cred­i­tor of Stein­hoff Europe”, has op­posed a com­pany vol­un­tary ar­range­ment pro­posed on De­cem­ber 14.

LSW is “an en­tity re­lated to An­dreas Seifert, who has a dis­pute on­go­ing in the Aus­trian courts against Stein­hoff Europe AG”, a Stein­hoff spokesper­son said. – Bloomberg

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