Adler Says BaFin Found Errors in Statements, Didn’t Impose Fines

BaFin concludes the examination of Adler Real Estate’s financial statements from 2019 to 2021 with error determination, according to statement.

• BaFin orders no restatement or error correction and does not impose fines
• BaFin decided that the audited consolidated financial statements and the related combined management report for the financial years 2020 and 2021 contain accounting errors which were not included in the error determination in the financial statements 2019
  • First error regards the sale of shares held in Accentro Real Estate
  • BaFin determined that the outstanding purchase price receivable in the amount of €59 million including interests was “significantly ...