French AMF regulator proposes maximum fine against LVMH
PARIS May 31 (Reuters) - French market regulator AMF said on Friday it was requesting to fine luxury group LVMH 10 million euros, the maximum sanction that can be proposed, in a probe into the build-up of LVMH's initial 17 percent stake in rival Hermes.
LVMH had called earlier in the day for the judicial procedures used in the enquiry to be declared invalid, raising question marks about the entire process, its outcome and likely sanctions.
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