FRANKFURT: US activist investor Elliott has urged German classifieds group Scout24 to sell its car listings business and ramp up a share buyback programme to boost returns to investors.
Elliott, opening a new front in its broader push to shake up corporate Germany, accused Scout24 chief executive Tobias Hartmann of showing a lack of ambition and urged his management team to take immediate remedial action.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
