MIFA and Maschmeyer Seek to Settle Share Price

SANGERHAUSEN, Germany - With its shares dropping sharply in the wake of loss-making results, German bike maker MIFA said this week that it is engaged in a forensic exercise to determine the depth of the inventory irregularities that contributed to alarm among investors. Meanwhile, the largest of those – German financier Carsten Maschmeyer – told reporters he still views the company as a long-term investment even as India's Hero Cycles looms as a potential buyer of his 28 percent stake.

Read this article?

Create an account and read 3 articles every month for free.