Thursday, February 18, 2010

Merckle billionaire loses almost 1 billion euros



Ulm - Ulm, the entrepreneur and billionaire Adolf Merckle has just verzockt times with VW shares. The incredible loss: approximately one billion euros.
According to the Forbes' Deutschearbeite fifth richest with a consortium of banks on a new Kreditvereinbarungfür his investment firm VEM asset in Dresden, reported the media as the "Handelsblatt".
Also on the sale of the generics specialist Ratiopharm has been speculated. Adolf Merckle fortune is estimated at 7.3 billion euros. The shares owned by the Merckle Group HeidelbergCementgaben on Monday after strong.
People were concerned that the family that a majority stake in Germany's largest Baustoffherstellerhält could repel increased shares to zufinanzieren the false speculations.
In the morning, dropped the title of the cement manufacturer by 16, 20 percent.
VerschiedeneBanker had told the Financial Times Germany "According to Merckle has suffered short-selling of VW shares for a loss in hohendreistelligen millions. Ratiopharm sichzunächst wanted to - as well as the investment company does not comment VEM -.