Equities

Steinhoff shares fall after Reuters reveals undisclosed deals

Steinhoff shares fall after Reuters reveals undisclosed deals

Shares in German-listed retail group Steinhoff fell nearly five percent on Nov. 8 after Reuters was first to report that the group did not tell investors about almost $1 billion in transactions with a related company, despite laws that some experts believe require it to do so. The details in the publicly available company filings had not previously been reported. Steinhoff said it complied with all reporting requirements.