Steinhoff Says Amsterdam Court Decision Expected in January

By Oliver GriffinFeaturesDow Jones Newswires

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.

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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.

Write to Oliver Griffin at

(END) Dow Jones Newswires

December 21, 2017 01:22 ET (06:22 GMT)