Steinhoff's Europe units implements financial restructuring
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JOHANNESBURG (Reuters) - Scandal-hit Steinhoff said on Wednesday its European subsidiaries have implemented a financial restructuring plan, after pushing the deadline date back repeatedly. Steinhoff Europe AG (SEAG) and Steinhoff Finance Holding GmbH (SFHG) entered into a company voluntary arrangement (CVA) in 2018 with its creditors.A CVA is a UK legal process that allows a company with debt problems to reach a voluntary agreement with creditors over the payment of its debts while continuing..