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German regulator rejects claims of Daimler-Aston Martin insider trading

(Photo by THOMAS KIENZLE/AFP via Getty Images)

BaFin, Germany’s financial regulatory authority, has said that it “did not find any clues” to suggest suspicious trading involving German automotive giant Daimler, including the purchase of a stake in UK sports car manufacturer Aston Martin, by Toto Wolff, head of the Mercedes Formula 1 team.

BaFin also passed on information to the UK’s Financial Conduct Authority (FCA).

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