German billionaire Merckle makes big VW loss -FT

Newswire

LONDON, Nov 17 (Reuters) - German billionaire Adolf Merckle made a "high three digit million euro" loss after going short of shares in German carmaker Volkswagen , The Financial Times newspaper reported on Monday.

Merckle is now in talks with a group of about 40 banks about a bridging loan, the paper said.

A massive short squeeze briefly made VW the world's most valuable company late in ...

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