M.M. Warburg Says It Can Afford Payments Over Cum-Ex (1)

Feb. 4, 2020, 6:19 PM

Warburg group says it doesn’t want to reap benefits of share trades that are deemed to have not been in line with tax law.

  • Warburg has communicated that position to court in Bonn, the company says in a statement on Tuesday
  • Warburg says trades done by the bank led to tax refunds of EU169m while those done for two funds managed by Warburg Invest led to refunds of EU109m
    • These amounts could be seized by the Bonn court from Warburg
  • The readiness to repay profit from share trades shouldn’t be understood as an admission of guilt, Warburg says
  • Shareholders of ...

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