On 12 October 2020, GE BaFin imposed share threshold publishing breach.
- BaFin announced that on 7 October 2020, it imposed €600,000 fine on Covestro AG.
- For violation of section 130 paragraph 1 of the Administrative Offenses Act (OWiG) together with section 40, paragraph 1, clause 2 of the Securities Trading Act (WpHG).
- Imposed due to Covestro AG not publishing threshold for treasury shares in good time.
Next Steps
- The company can appeal against the fine.
