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dass ein Restwert des Konstrukts nur dann noch gehoben werden kann, wenn die Klage gegen Steinhoff Erfolg hat, was ja nun auch nicht in unserem Aktionärssinne sein dürfte: Zitat:
"Naidoo conceded that losses to GEPF’s loan linked to Steinhoff could have been minimised if a derivative insurance structure, which protected the PIC against a collapse in the value of the retailer’s shares, had not been removed.
This derivative insurance structure was removed when Naidoo, through Lancaster Group, acquired shares in Steinhoff Africa Retail (Star) when it listed on the JSE in September 2017. Star, now known as Pepkor Holdings, was an entity that housed Steinhoff’s African retail assets – but it was financially independent of the retailer.
The derivative insurance structure was sold to Citibank in return for a R6.3-billion loan for Lancaster to buy Star shares, according to Matjila. And the PIC participated in negotiations and agreed to sell its protective structure to help Lancaster raise funding from Citibank."
Quelle: www.dailymaverick.co.za/article/...-steinhoff-share-collapse/
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