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Adler Group S.A. (ADJ.DE)

XETRA - XETRA Delayed Price. Currency in EUR
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4.8160-0.0680 (-1.39%)
At close: 05:35PM CEST
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  • Financial Times

    KPMG ditches troubled German real estate group Adler as audit client

    KPMG has ditched struggling German real estate giant Adler as an audit client less than an hour after the company told investors it was in “very professional discussions” with the Big Four firm and wanted to keep it as its auditor. In late February, KPMG refused to sign off Adler’s 2021 financial report, saying it had been refused access to crucial documents, sending Adler’s share price down 45 per cent in a day. On Tuesday, Adler Group shares lost 12.5 per cent to reach €5.09, an all-time low.

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