--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

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(END) Dow Jones Newswires

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