News
gla_wpadmin  

IT service provider: share collapses by a third: shortsellers attack TecDax group S&T

Networked factory (symbol image)

S&T sees itself as a technology leader in the field of Industry 4.0.

(Photo: obs)

Düsseldorf, Frankfurt The name Viceroy regularly makes German investors sit up and take notice. Whether Wirecard or Adler: The investment company of the British shortseller Fraser Perring was often right with its critical analyzes of companies, even if their tone often overshot the target.

Viceroy released a new report on Thursday. This time in focus: S&T. The technology group from Austria is listed in the TecDax, has more than 6,000 employees and has a turnover of around 1.3 billion euros. Apple supplier Foxconn is by far the largest single shareholder.

Viceroy’s allegations read drastically. S&T is supposed to be a “roll up”, a buying machine that takes over numerous IT companies, especially in Eastern Europe, in a great hurry and with little care. These would not be integrated. S&T also “hides” numerous minority holdings, and does not properly report them to the capital market. The “secret companies” are “morally bankrupt” and “plagued by corporate fraud”.

Read on now

Get access to this and every other article in the

Web and in our app for 4 weeks free of charge.

Continue

Read on now

Get access to this and every other article in the

Web and in our app for 4 weeks free of charge.

Continue

Reference-www.handelsblatt.com

Leave A Comment