Stock exchange: Investor Petrus stands behind RBI after short seller allegations
Following an attack by a short seller on RBI shares, investor Petrus Advisers rejects the allegations and announces that it will examine legal action.
Petrus Advisers has defended Raiffeisen Bank International (RBI) against allegations made by short-seller Grizzly Research. Grizzly Research's report, which accused RBI's Russian subsidiary of violating Western sanctions, was described by Petrus Advisers as "fact-poor, poorly researched and lacking substance". Petrus Advisers also stated that it had purchased RBI shares on Thursday and may take legal action. The report had caused RBI's stock to drop over 9% on Thursday, but it recovered 0.7% on Friday.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
