Financial Market Authority Terminates Inquiry against CEO of Immofinanz

People ♦ Published: August 12, 2011; 22:32 ♦ (Vindobona)

The head of the Austrian real estate group had been accused of insider trading and delayed shareholder information.

Financial Market Authority Terminates Inquiry against CEO of Immofinanz / Picture: © Immofinanz Group / Press Photo

The Austrian Financial Market Authority (FMA) has terminated the administrative penalty inquiry against Eduard Zehetner, CEO of Immofinanz Group. Zehetner was initially accused of insider trading; this was later changed to delayed ad hoc announcement of the 2010/11 share buyback program.

According to a statement released by Immofinanz, the termination was based on § 45 (1) 2 of…

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