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VOW3 — Volkswagen AG News Story

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Brief: German Financial Watchdog Imposes €1.2 Mln Fine Against Volkswagen

BRIEF-German Financial Watchdog Imposes €1.2 Mln Fine Against Volkswagen

- German financial regulator Bafin:

  • BAFIN IMPOSES FINE OF €1.2 MILLION ON VW AG

  • VW VIOLATED MARKET ABUSE REGULATION

  • VW'S FORECAST FOR 2023 WAS SIGNIFICANTLY HIGHER THAN MARKET EXPECTATIONS

  • COMPANY SHOULD HAVE IMMEDIATELY DISCLOSED PERFORMANCE VIA AD HOC ANNOUNCEMENT

  • INSTEAD, COMPANY PUBLISHED INFORMATION IN PRESS RELEASE

Further company coverage: VOWG.DE


(Berlin newsroom)

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