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KM Financial Solutions | CORRECTED-UPDATE 4-Steinhoff scandal knocks $12 bln off value in blow to tycoon Wiese
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CORRECTED-UPDATE 4-Steinhoff scandal knocks $12 bln off value in blow to tycoon Wiese

21 Dec CORRECTED-UPDATE 4-Steinhoff scandal knocks $12 bln off value in blow to tycoon Wiese

Posted at 08:18h in News by
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JOHANNESBURG/BERLIN, Dec 7 (Reuters) – Shocked Steinhoff
shareholders have wiped more than $12 billion off its value
since it revealed “accounting irregularities” and parted ways
with its chief executive, in a dramatic fall from grace for the
South African retailer.

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