Grenke shares climb as it organizes investor call to respond to short-seller allegations

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Grenke , the German leasing company whose stock slumped 40% on Wednesday, saw shares rise 14% as it organized a response to a short-seller’s report. Grenke said CEO Antje Leminsky, board member Sebastian Hirsch, founder Wolfgang Grenke and chairman
Ernst-Moritz Lipp will comment on all of the topics in writing and in the
context of an investor and analyst call Friday afternoon to answer
accusations of fraud, falsification of financial statements and money
laundering as well as criticism of the business model and governance by Viceroy Research. “The Board of Directors and Supervisory Board continue to regard all these accusations as unfounded,” the company said. On Thursday, there will be a brief written statement by Wolfgang Grenke, which particularly will address the accusations against him personally as well as the topic of franchisees, the company said.
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