Portigon AG: increased provisions weighing on result for fiscal year 2016
In view of the formal investigations by the attorney general regarding dividend arbitrage transactions undertaken by the former WestLB, Portigon will as a precautionary measure set aside provisions covering its potential exposure from falsely collecting withholding tax credits and penalty interest thereon.
As set out in its forecast for fiscal year 2016, the Managing Board still anticipates a loss in the low hundreds of millions euro range.
Contact:
Marita Lehmkuhl
Head of Investor Relations
Portigon AG
Voelklinger Str. 4
40219 Duesseldorf
Marita.Lehmkuhl@portigon-ag.de
Tel. +49 (0) 211 826 8320
02-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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