Home » Business » FURTHER EXCHANGE / XDAX + 1.3% to 12,338 pts – Wirecard again under pressure | 25.06.20

FURTHER EXCHANGE / XDAX + 1.3% to 12,338 pts – Wirecard again under pressure | 25.06.20

FRANKFURT (Dow Jones) – Wirecard and Lufthansa shares determined after-hours trading on Thursday. At Wirecard, the auditor EY assumes that the fraud will be extensive and conspiratorial. “There are clear indications that this is a comprehensive fraud involving several parties around the world and in various institutions with the intention of deception,” said the Germany branch of EY in a statement. EY, as the auditor, had refused to give Wirecard the certificate for the 2019 annual financial statements due to forged documents. Wirecard announced a bankruptcy filing on Thursday. At Lang & Schwarz, the share was taxed 15 percent lower at EUR 3.00.

In contrast, the Lufthansa share gained 6 percent to 10.17 euros. The state rescue package for the airline is in dry cloth. The extraordinary general meeting approved the 9 billion euro rescue package with a majority of 98.04 percent. A two-thirds majority was required. On the eve of the Annual General Meeting, major shareholder Heinz Hermann Thiele had given approval for the package in an interview with the Frankfurter Allgemeine Zeitung after he had previously given critical comments. With its 15 percent stake in Lufthansa, Thiele could have brought the state bailout down because only around 38 percent of the capital had registered for the Annual General Meeting.

The shares of RIB Software remained unchanged. The company has lowered its sales forecast for the current year, but is still confident of a higher profit than before.

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XDAX * DAX change

10.15 p.m. 5.30 p.m.

12.338 12.178 +1,3%

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* The XDAX tracks the development of the interest-adjusted DAX futures.

Contact the author: [email protected]

DJG / rose

(END) Dow Jones Newswires

June 25, 2020 16:41 ET (20:41 GMT)

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