German watchdog starts routine probe into allegations against Grammer

Newswire

FRANKFURT, May 19 (Reuters) - German financial watchdog Bafin will launch a routine investigation of market manipulation allegations against auto supplier Grammer, a spokeswoman for Bafin said in an e-mailed statement on Friday. Grammer's biggest shareholder, Bosnia's Hastor family, had on Thursday accused the company of artificially depressing its own share price to allow a rival investor, China's Ningbo Jifeng , to build a stake. "As is routine, we will look ...

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