Steinhoff shareholders have voted in a meeting in Amsterdam to dissolve the empty shell company and delist it, in a largely expected formality.
The meeting was attended by only just over 50% of shareholders.
Earlier this year, Steinhoff embarked on a restructuring to avoid declaring bankruptcy at the end of June, when its R10.2bn debt that it was unable to pay, became due.
In late June, a Dutch court ordered that the restructuring process becomes binding on all shareholders and creditors. Debt holders took majority control of the Steinhoff assets, and in exchange extended the date for the debt repayment by three years.
The assets were put into an unlisted company and will be sold off to repay debt, as part of the court ordered restructuring process.
This restructuring left the listed Steinhoff company holding no assets, hence the delisting.








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