Just when you thought things couldn't get weirder at Wirecard: along comes Deka.
The German investor, which owns a 1.6pc, shareholding in the controversial payments company is calling for the removal of Markus Braun, chief executive. Below is a link to Deka's quotes:
https://www.nasdaq.com/articles/deka-demands-removal-of-wirecard-ceo-2020-05-06..
Does anybody else think the juxtoposition of Sir Chris Hohn taking a short position in Wirecard and his very public call for the removal of the German company's chief executive a bit odd?
You could understand why the German company's surpervisory board might acquiesce to The Childrens' Investment Fund if the firm had pursued its usual method of buying a sizeable stake in the company...
Here is a bit of light reading to get you through these troubling times.
Do you remember Betaville's tale about Sir Chris Hohn's denial of the purchase of a north London mansion? I came across the story when I first set up Betaville in 2014. Below is the link to my original piece:..
Betaville notes that Sir Christopher Hohn's The Children's Investment Fund has just slotted the majority of its 5pc stake in the London Stock Exchange.
So, unless the abrasive hedge fund manager isn't interested in making money for his investors, Sir Chris can't really still believe the LSE is still a takeover target?..