International retailer Steinhoff’s share
price is more than 6% down amid reports that the Christo
Wiese-controlled company has been targeted for a tax investigation.

Steinhoff said the Westerstede offices of Steinhoff Europe Group Services GmbH (SEGS), a German subsidiary of Steinhoff International, had been searched on November 26.

Steinhoff said the Westerstede offices of Steinhoff Europe Group Services GmbH (SEGS), a German subsidiary of Steinhoff International, had been searched on November 26.



