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Good News For Shortsellers: German Adler Group With Record Loss!
The short-sellers around Viceroy Research and Fraser Perring were right with their analyses. The struggling German real estate group Adler Group announced a 2022 loss of almost €1.7B due to a devaluation of the real estate portfolio and value adjustment on receivables. In 2021, the company reported a net loss of almost €1.2B. The Adler Group has been under fire from Viceroy Research for several months. Perring considers the Turkish-born Austrian Cevdet Caner to be the beneficial owner.