How much Wiese will be getting?
On SIHPL contractual claims (other than claims by Thibault and Wiesfam) will be settled for a total amount of approximately ZAR1.5 billion (EUR76 million) ... so Wiese is not involved here ... right?
On SIHPL contractual claims - The claims of Thibault and Wiesfam: he will be getting about EUR 406 million (ZAR 7.9 billion) or less .... is this right?
On SIHNV contractual claims : the whole claim is about EUR 104 million (ZAR 2 billion ) for all claimants, most of it will be to Wiese ..... is this right?
So the whole compensation is about 10 billion euros (mostly for Wiese) .... right?
The Wiese companies that the lenders entered into the agreement with are Thibault, Upington Investment Holdings and Titan, according to Conservatorium court documents. And the loans were about 1.6 billion euros.
About 1 billion euros (20 billion zar) are disputed from Wiese by Conservatorium.
So it looks like Conservatorium will be disputing the whole compensation that Steinhoff is offering Wiese ... right?
Edited by Tom, 03 August 2020 - 02:48 PM.