Report
Manuel Martin, CEFA,CREA

ADLER Real Estate AG : Controversial and opaque situation

>Short attack by Viceroy on Adler Group and its listed subsidiaries - On 6 October, Viceroy Research published a report informing that Viceroy Research is short attacking Adler Group SA and its listed subsidiaries. In its report, Viceroy blamed Adler Group for hiding its assumed weak financial position, actually breaching bond covenants, through financial misrepresentation and acting in a fraudulent way. Furthermore, Viceroy accused Adler Group to be “a conduit for it...
Underlying
ADLER Real Estate AG

ADLER Real Estate provides commercial and residential project development services in the form of improvement, planning, development and construction, as well as asset management services and property management services. Adler is also engaged in the acquisition, sale, renting and financing of real estate. Co. also provides international and national joint venture activities and acts as co-investor in the acquisition of real estate portfolios.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Manuel Martin, CEFA,CREA

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