June 27, 2018 / 1:01 PM / 6 months ago

Steinhoff asks for three-week debt standstill extension

JOHANNESBURG (Reuters) - Steinhoff (SNHJ.J) has asked for a further three-week breathing space from its creditors to allow it time to finalise a debt restructuring agreement, the retailer said on Wednesday.

Creditors had agreed not to enforce their rights until the end of the month to allow Steinhoff time to agree a debt restructuring agreement with its lenders.

Reporting by Tiisetso Motsoeneng; editing by Jason Neely

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