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 ...