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..., where Wiese had been chair....
...“Steinhoff is an investment group and does not operate like a traditional multinational plc,” said Brian Horn, a restructuring expert at AlixPartners who has been drafted in to help shore up Steinhoff’s...
...Since then Christo Wiese, the South African tycoon and major Steinhoff shareholder, has also left the board “in order to reinforce the independent governance of the company”....
...Brian Smith, head of Investment banking at JPMorgan Sub-Saharan Africa, said last year’s sharp fall in oil price, and a turn in the overall commodity cycle have completely changed the dynamics of dealmaking...
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