on Mutares SE & Co. KGaA (isin : DE000A2NB650)
BaFin Initiates Audit of Mutares SE & Co. KGaA's 2023 Financial Statements
The German Federal Financial Supervisory Authority (BaFin) has commenced an audit of Mutares SE & Co. KGaA's annual financial statements as of December 31, 2023. The focus is on certain disclosures in the notes and management reports, excluding the balance sheet and income statement figures.
Mutares, a private equity firm, welcomes the review, emphasizing transparency. Previous audits, conducted by Deloitte in March 2024, yielded unqualified opinions. The investigation examines compliance with disclosure requirements regarding receivables terms and forecast information in management reports.
Mutares has addressed and updated disclosures for 2023 and 2024. Despite BaFin's critique, Mutares believes it provides a fair representation of financial conditions, underlining M&A and restructuring influences.
R. E.
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