Brief: Grammer Confirms Its Offices Have Been Searched In Insider Trading Probe
11/02/2020 13:26
Feb 11 (Reuters) - Grammer AG GMMG.DE :
* CONFIRMS ITS OFFICES HAVE BEEN SEARCHED IN COURSE OF
PROSECUTORS' INVESTIGATION INTO INSIDER TRADING
* PROSECUTORS IN FRANKFURT SAY NATIONWIDE RAIDS HAVE BEEN
CARRIED
OUT OVER SUSPICION OF INSIDER TRADING IN CHINESE INVESTOR'S
TAKEOVER OF CAR SUPPLIER, INVESTIGATING 5 SUSPECTS
* PROSECUTORS IN FRANKFURT SAY FINE PROCEEDINGS AGAINST
COMPANY
AND THREE FORMER EXECUTIVES IS DUE TO SUSPICION OF DELAYED
SENDING OF ADHOC RELEASE
Further company coverage: GMMG.DE
(Reporting by Berlin Speed Desk)
((berlin.newsroom@thomsonreuters.com ; +49 30 2888 5156))