By Carlo Martuscelli

Steinhoff International Holdings NV (SNH.JO) said Monday that it asked its creditors to extend the long-stop date for its lock-up agreement to Nov. 20 from Oct. 20.

The lock-up agreement is part of the embattled South African-based retailer's restructuring plan. Steinhoff said that negotiations for the long-form documentation needed to implement the restructuring are advanced, and that the extension is necessary to finalize the documentation.

It launched consent process for the agreement on July 11. Steinhoff said it would seek to implement the restructuring within three months of the agreement becoming effective.

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

(END) Dow Jones Newswires

October 15, 2018 01:47 ET (05:47 GMT)