Erscheinung:21.08.2020, Stand:updated on 09.09.2020 | Topic Measures Bayer AG: BaFin imposes administrative fine
On 17 August 2020, BaFin imposed an administrative fine amounting to 340,000 euros on Bayer AG.
The sanction related to a breach of section 130 (1) of the German Act of Breaches of Administrative Regulations (Ordnungswidrigkeitengesetz – OWiG) in conjunction with section 33 (1) sentence 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). Bayer AG failed to submit voting rights notifications within the prescribed period.
The company may lodge an appeal against the administrative fine order.
Update (09.09.2020):
The administrative fine order is final and binding.