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Switzerland: Prosecutor opens Holcim insider trading probe

By  |  February 1, 2015

The Swiss Attorney General’s office has opened an investigation into possible insider trading in the securities of cement producer Holcim, the office said in a statement on Sunday.

The investigation was first reported by the NZZ am Sonntag paper, which said suspected insider trading took place just before Holcim’s announcement last April of a plan to merge with French rival Lafarge.

The investigation is probing a possible offence by a “secondary insider” the Attorney General’s office said.

 

Full Content: Reuters

 

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