Steinhoff Says Amsterdam Court Decision Expected in January
By Oliver Griffin
Steinhoff International Holdings NV (SNH.JO) said in a release dated Wednesday that the Enterprise Chamber of the Amsterdam Court of Appeal has informed the company that it isn't ready to issue a decision regarding a petition brought by a former joint-venture partner.
On Sept. 18, Steinhoff International said that OM Handels GmbH and MW Handels GmbH--which were owned by the former partner--petitioned the court to order an investigation into the company's annual accounts for the year ended Sept. 30, 2016.
The court has told Steinhoff that it expects to issue a formal decision no later than Jan. 22, the company said.
Responding to the petition in September, Steinhoff said it rejected the move as unfounded.
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(END) Dow Jones Newswires
December 21, 2017 01:22 ET (06:22 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.