Cloetta employees under investigation for insider trading (updated)
10/10/2017 15:19
(Adds detail, background)
Oct 10 (Reuters) - The Swedish Economic Crime Authority said
on Tuesday it had arrested several employees at confectionery
firm Cloetta CLOEb.ST as part of an insider trading
investigation.
* Swedish Economic Crime Authority says has arrested Cloetta
staffers in unspecified "leading positions"
* Cloetta says certain employees under investigation for
share sales
* Co says has been informed that the Swedish Economic Crime
Authority has initiated an investigation for insider crime as a
result of share sales by certain employees
* Co says investigation relates to share sales which were
effected during a period before Cloetta's profit warning on
Sept. 14
* Co says Cloetta will fully cooperate with the Economic
Crime Authority in the investigation
* A Cloetta spokesman says he has no information regarding
the identity of those arrested, but says they do not include
company CEO or CFO
* Cloetta said on September 14 it expected its Q3 operating
profit to be SEK 40-50 million lower compared to last year, due
mainly to short-term issues urn:newsml:reuters.com:*:nASO0000VJ
* Co had previously, through the law firm Cederquist,
conducted an investigation of the share sales
Source text for Eikon: ID:nWkr7q2HH7
Further company coverage: CLOEb.ST
(Reporting by Helena Soderpalm; editing by Niklas Pollard)
((helena.soderpalm@thomsonreuters.com;))