Wednesday, November 23, 2016

An intriguing hacking down Vinci of 18% on the stock Exchange –

The group’s CONSTRUCTION and concessions, Vinci has “categorically denied” the allegations aired in a fake news release that resulted in a drop in its Stock price on Tuesday, and indicated the advisability of legal proceedings against its authors.

“A fake press release Vinci has been published by Bloomberg on 22 November at 16: 05,” said the group in a brief statement posted on its website.

“Vinci” formally denies all the +information+ contained in the fake press release, and reviews all legal actions to give effect to that publication,” he concludes.

The action has sharply unscrewed, losing more than 18%, in the afternoon, after sending to several media outlets including the AFP, of this press release misleading.

This press release announced that Vinci had dismissed its chief financial officer after it discovered huge errors in the accounting entries, relating to fiscal year 2015 and the first half of 2016, with approximately eur 3.5 billion.

The title has been suspended, before returning to its listing of about 30 minutes after. It remained in the red until the end of the session, ending in a decline of 3.76% 58,80 euros, while the market grappillait to 0.41%.

The AMF input

“We have been ‘hacked’ (pirated) and we will use the AMF”, indicated a spokesman of the group, a few minutes after the fall of the action.

The financial markets Authority (AMF) “is closely following the case,” said a spokesman of the police of the Exchange. “It is his usual work of supervision” and “reserves the right to extend its investigations based on the analysis of the first elements collected”.

The main groups in the world are regularly subjected to this type of adulterations, whose motivations are diverse.

In June 2015, the gendarme u.s. stock exchange, the SEC, has launched a prosecution for price manipulation after the announcement by mysterious companies, takeover offers for the group of cosmetics Avon Products and of two other listed companies, whose shares had, in consequence flamed.

A false press release had been circulated, in the context of these “attempts details to manipulate in a fraudulent manner the price of securities” of the three companies, had estimated the SEC.

In January 2013, the group’s coal australia Whitehaven Coal had seen a temporary drop in its Stock price after the sending, by environmental activists, anti-coal, a fake press release that challenged the profitability of one of its key mining sites.

(With AFP)


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