Stock one of the largest construction and infrastructure companies in the world, French Vinci, on Tuesday fell by 18.9%, after several financial media (particularly Bloomberg) issued a press release about the dismissal of its CFO, according to The Wall Street Journal. The release claimed that the reason for the dismissal is that in the financial statements Vinci revealed serious inaccuracies “cost” several billion euros.
A few minutes after the news release the price of the Vinci share fell from €of 61.56 to €49,93 that became the maximum falling of quotations more than 17 years.
But then Vinci called the common press release “a fake.” “Vinci formally denies all information provided in this fake press release”, — said the press service of the company. Vinci also promised to take all necessary legal action to investigate the incident in France manipulation of share prices is a criminal offense.
After refuting the value of shares of Vinci began to recover, but to go to the previous level by the end of the trading session not have time. By the close of trading on November 22, the value of securities Vinci was €58,8 per piece, which is by 3.76% below the level of the previous closing.
According to The Wall Street Journal, after the close of trading in the media e-mail received an anonymous message, which the author claimed that he sent out a fake press release on behalf of Vinci. Your drawing of the author of anonymous letters called revenge for the harm caused Vinci nature during the implementation of construction projects in France and Russia, the newspaper said.
“Daughter” of Vinci company “weensie, Concessions Russi” owns one hundred percent of shares of OOO “North-West concession company”, the concessionaire of the main part of the high-speed road between Moscow and St. Petersburg. The construction of the first section of this motorway to Solnechnogorsk was accompanied by a scandal due to builders cutting of the Khimki forest defenders who were attacked.