Adler Group: New auditor, so far unsuccessful

Real estate company under pressure

Hardly any progress is being made on the construction sites, such as the high-rise Steglitzer Kreisel in Berlin. Now Adler also has problems finding an auditor.

(Photo: Nagel/Handelsblatt)

Dusseldorf, Berlin At the end of July, the top of the Adler group became restless. For a month now, the managers of the ailing real estate group have been looking in vain for a new auditor. Chairman of the Board of Directors Stefan Kirsten and Thilo Schmid as Chairman of the Audit Committee wrote a three-page letter.

“We are of course aware that this mandate is the subject of intense and lively discussion in the industry and in the individual auditing firms,” ​​the two wrote. “Unfortunately, no auditing firm took part in the tender and applied for the mandates.”

The eagle overseers wanted to know why. “We would like to find out more about the reasons for your decision in a personal conversation,” wrote Kirsten and Schmid. At the same time, the two wanted to “explain why we believe it can be advantageous for your company to examine the Adler Group’s financial statements”.

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