Troubled German promoter ‘is buying another UK firm’

May 3, 2017 by norman lebrecht

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Reuters is reporting that Deutsche Entertainment AG (DEAG), owners of Raymond Gubbay Ltd, are finalising another UK purchase.

DEAG has been criticised by Germany’s Financial Reporting Enforcement Panel for allegedly misrepresenting its financial results in 2014-15. Raymond Gubbay has broken away from the company that bears his name and is starting another venture.

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