Ottobock shares fall 10% following short-seller report on debt concerns

br.investing.com (Portuguese)

Ottobock shares dropped over 10% after a short-seller report alleged a debt crisis threatening minority shareholders. Grizzly Research claims controlling shareholder Hans Georg Näder pledged his 81% stake as collateral for a €1.02 billion loan with a 15% annual interest rate. The report, which initiated a short position, also highlighted concerns about the company's Russian revenue and compared its valuation unfavorably to a competitor.


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Ottobock shares fall 10% following short-seller report on debt concerns | News Minimalist