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Steinhoff has argued that granting the media access to a 3 000-page forensic probe into accounting fraud would likely undermine future court cases against implicated ex-executives, such as its former CEO Markus Jooste.
Retailer Steinhoff has announced it will increase its proposed payout to investors who lost out in its share price plunge by another R3.2 billion.
Retailer Steinhoff says its "mum on a budget" pan-European subsidiary the Pepco Group hopes to raise between R17 billion and R20 billion from its upcoming initial public offering on the Warsaw stock exchange. Pepco has 3 200 stores across 16 European countries and includes retail brands such as PEPCO, Poundland, and Dealz The IPO will include a public offering of up to 102 million existing Pepco Group shares, of which 98.8% are held by Steinhoff. These shares represent 17.9% of the group's total issued share capital, according to Pepco. The retailer is hoping to raise between €1 bill...
Poundland Retailer Steinhoff is planning to proceed with the initial public offering of its pan-European subsidiary the Pepco Group on the Warsaw Stock Exchange. Pepco has 3 200 stores across 16 European countries and includes retail brands such as PEPCO, Poundland, and Dealz. It views its core shopper as a "mum on a budget". It is a separate company from the similarly named Pepkor Holdings, which houses Steinhoff's African assets. "Our proposed listing in Warsaw – home to our PEPCO brand since 2004 and the largest operating territory in the Group, is a natural step, and I look forward to d...
About at immediate risk of this credit bubble in china to burst but for sure this i.m.f. report is shedding some light on the risks of this quoth model in china of fueling growth with ever growing amounts of loans and leverage and the i.m.f. is mentioning systemic risks as well it's talking about the shadow banking system in china and you know that's wording that really sounds very obscure and that sounds more and more dangerous the further away from china where you are so it's not exactly inspiring investor confidence here in europe you know to put money into china now in other news shares in...