for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Deals

Muddy Waters takes short position in Corestate Capital, shares fall

BERLIN (Reuters) - Short seller Muddy Waters has acquired a short position in Luxemburg-based in real-estate investment firm Corestate Capital CCAG.DE, a filing in Germany's federal gazette showed.

The shares traded as much as 30% lower in the Frankfurt stock exchange following the announcement.

Commenting on the company’s share price, a company spokesman referred to the short position corresponding to 0.5% of Corestate’s share capital.

The filing in Germany’s federal gazette is dated Oct. 15.

U.S.-based Muddy Waters has a reputation for conducting research on companies and taking short positions in them.

Corestate shares traded 22.4% lower at 1405 GMT.

Reporting by Tassilo Hummel and Joern Poltz; editing by David Evans

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up