AFM probes pre-takeover Super de Boer trade

The financial services sector regulator AFM is investigating possible insider trading in Super de Boer supermarket group shares, the Telegraaf reported at the weekend.

Sources told the paper the AFM was looking into unusual price movements prior to the news that sector peer Jumbo was making a €480m offer for the company.
According to shareholders lobby group VEB, Super de Boer’s share price rose 25% between September 7 and September 17, a day before the takeover bid was announced.

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