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CEWE Stiftung & Co. KGaA: BaFin imposes administrative fine

On 1 June 2022, BaFin imposed an administrative fine amounting to 600,000 euros on CEWE Stiftung & Co. KGaA.

The sanction related to a breach of section 41 (2) in conjunction with section 41 (1) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). CEWE Stiftung & Co. KGaA failed to publish the total number of voting rights within the prescribed period.

The company may lodge an appeal against the administrative fine order.

Update (27.06.2022):

The administrative fine order is final and binding.

Source: BAFIN

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