Tag: Adler Group
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Suspicion Of Balance Sheet Falsification – Raid At Ailing Adler Group!
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Financially, the Adler Group is not doing well. The real estate group ends the past year with a loss of billions. Now there are also investigations because of questionable balance sheets and consulting contracts. One hundred seventy-five investigators are searching sites across Europe.
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Meet Austrian Entrepreneur Cevdet Caner!
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The real estate investor Cevdet Caner is the youngest of seven children of Turkish migrants. He is an Austrian citizen whose family moved to Linz in 1983. He started to study business administration but dropped out when he founded his call center company, Call & Logistics Center (CLC), in 1998.
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Court Approves Adler Group’s Restructuring Plan!
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The Adler Group rents out thousands of apartments in Germany and is heavily indebted. A UK court has now allowed the Group to restructure its debt by billions despite opposition from some creditors. Among other things, the Group can take on one billion euros in new debt.
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German Adler Group On The Brink Of Bankruptcy! Shortseller Strategy Worked!
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The German real estate group is on trial in London. Creditors want to see their money. The short-seller Fraser Perring sees fraud allegations confirmed. A group of investment funds wants to prevent the restructuring of the real estate group, which is in debt of around six billion euros.
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Troubled German Real-Estate Group Adler Is Without An Auditor!
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The crisis-ridden real estate company is used to bad news. But being unable to find an auditor despite a court order is an unusually severe setback even for Adler. The auditing company KPMG refuses to audit the balance sheet of the Adler subsidiary Adler Real Estate for the year 2022.…