Swiss prosecutor opens Holcim insider trading probe

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Switzerland: The Swiss Attorney General's office has opened an investigation into possible insider trading in the securities of cement producer Holcim Ltd, the office has said in a statement.

The investigation was first reported by the NZZ am Sonntag newspaper, which said that suspected insider trading took place just before Holcim's announcement in April 2014 of a plan to merge with France's Lafarge. The investigation is probing a possible offence by a 'secondary insider,' not someone with authorised access to insider information, but who obtained such information in an unauthorised way, the Attorney General's office said. The statement gave no further details.

Last modified on 04 February 2015

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