Germany – BaFin Voting Rights Disclosure Fine

Germany – BaFin Voting Rights Disclosure Fine

On 20 June 2022, GE BaFin fined CEWE Stiftung & Co. €600,000 for breach.

  • Ge BaFin announced CEWE Stiftung and Co. €600,000 fine, imposed on 1 June 2022.
  • Company did not publish the total number of voting rights within the required time.
  • Breached section 41(2) in conjunction with section 1 of German securities trading act.

Next Steps

  • CEWE Stiftung and Co. can appeal the fine.