Proposal calls for extending a debt repayment deadline to June 2026 and placing the company in the care of a trust
Steinhoff has applied to the Dutch court for approval of its restructuring plan that would make it binding on all lenders and shareholders.
Steinhoff intends to enter a restructuring process known as the WHOA (Court Confirmation of Extrajudicial Restructuring Plan/Wet Homologatie Onderhands Akkoord) to prevent being forced into bankruptcy in June and its assets sold in a fire sale...
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