Steinhoff's board to meet this week over asset sales to pay debt
CAPE TOWN (Reuters) - Crisis-hit Steinhoff's board will meet on Thursday and Friday to work out which assets it needs to sell to pay down its debt, the retailer's chairwoman told a parliamentary panel on Wednesday.
Steinhoff was thrown a lifeline in July when its creditors agreed to hold off debt claims for three years.
"They (banks) have given us three years until 2021 to, in a considered way, decide which assets we sell and how we will bring down the debt," Heather Sonn said.
(Reporting by Wendell Roelf; Editing by James Macharia)
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