Grenke : Increased transparency following audit updates
>Investment case supported by audit updates - GRENKE has provided updates with respect to the audits conducted by Warth & Klein Grant Thornton (WKGT) with a focus on the franchise model, and by KPMG with a focus on the business model as well as the allegations of fraudulent business activities and money laundering. We believe that the audits support our view that GRENKE’s business model works (proven by existing leasing contracts, client relations and with money in th...Grenkeleasing is engaged in providing financial services in three business segments: Leasing, Banking and Factoring. Leasing: Co.'s financing activities are focused on small-ticket IT leasing. Co. finances a wide range of goods, primarily in the area of information technology on IT equipment and systems and software. Banking: Through GRenke Bank AG, Co. provides financing products for small and medium sized enterprises focused on German customers, including lower-volume receivables (factoring) and car leasing. Co. also offers payment transactions and investment products. Factoring: Co. performs traditional factoring services in Germany and is a financial service provider. .
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.
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