Adler rejects allegations made by Viceroy as shares tumble

Adler Real Estate AG

06/10/2021 16:27

BERLIN, Oct 6 (Reuters) - Germany's Adler Group SA  ADJ.DE 
said on Wednesday it strongly rejected allegations made in a
report published by short seller Fraser Perring's Viceroy
Research, which sent its shares down as much as 22%. 
 urn:newsml:reuters.com:*:nL8N2R232E
    "A key allegation is that the real estate asset values on
Adler's balance sheet are artificially inflated. This is
evidently false," said Adler in a statement.
    "The real estate value set forth in Adler's balance sheet
has been determined by independent market leading real estate
property appraisers and confirmed independently by financing
banks," it added.

    

 (Reporting by Matthias Inverardi 
Writing by Madeline Chambers;Editing by Elaine Hardcastle)
 ((Madeline.Chambers@thomsonreuters.com; +4930220133578;))