French care homes firm Orpea to resume markets trading, present new plan

Clariane SE

26/10/2022 05:49

PARIS, Oct 26 (Reuters) - French care homes company
Orpea  ORP.PA , hit by allegations of malpractice at its French
retirement homes, said it would resume trading on financial
markets on Wednesday and announce a new strategy plan next
month.
    France's AMF market regulator had earlier this week
suspended the trading of shares and bonds in Orpea.
    Orpea said in June that an independent audit had found
evidence of financial wrongdoing, including inflated labour
expenses and suspiciously large payments to third parties, but
did not support all the allegations against the company made by
"Les Fossoyeurs" (the gravediggers), a book by independent
journalist Victor Castanet published earlier this year.
 (Reporting by Sudip Kar-Gupta; Editing by Muralikumar
Anantharaman)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))