Kap Industrial Ends Business Deals With Steinhoff International -Bloomberg

Date : 14/02/2018 @ 04:26
Source : Dow Jones News

Kap Industrial Ends Business Deals With Steinhoff International -Bloomberg

--Kap Industrial Holdings has scrapped two business deals with Steinhoff International Holdings, which owns 43% of Kap, Bloomberg reports, citing Kap Chief Executive Gary Chaplin.

--Steinhoff has been embroiled in an accounting scandal that has pushed its share price around 90% lower since early December. Kap's share price plunged initially but has since recovered.

 

Full story: https://bloom.bg/2ssNvoe

 

Write to Barcelona Editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

February 13, 2018 12:11 ET (17:11 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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