Retailer Steinhoff is considering listing its US-based Mattress Firm to raise money for shareholders, it said in a statement.
However, multiple options are still being considered and no decision has been finalised.
Steinhoff listed its European retailer Pepco on the Warsaw Stock Exchange earlier in 2021 as Poland houses the highest number of its Poundland discount stores.
Steinhoff, which has huge debts, faces more than 100 legal claims in Europe and SA of about R130bn that it argues could push it into bankruptcy and leave claimants with nothing.
The claimants argue they were duped into buying worthless stock through false information about the company’s financial health.
Before the accounting scandal that brought it to its knees in December 2017, the worst in SA’s corporate history, its market capitalisation was more than R200bn.
Steinhoff is holding a meeting on Monday with various creditors to vote on accepting its global settlement offer.
Its total settlement offer is €1.426bn (R25bn), an increase from its previous offer in July of €1.2bn and the very first offer of €943m.
The SA company, which has a primary listing on the Frankfurt Stock Exchange, had debt of €11bn in its most recent reporting period.
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