French regulator suspects short-seller Muddy Waters of "deception" on Casino - Le Monde

Fonciere Euris SA

06/06/2019 10:19

PARIS, June 6 (Reuters) - France's AMF financial regulator
suspects short-selling firm Muddy Waters of "deception"
regarding supermarket retailer Casino  CASP.PA  - whose shares
have been hit by negative Muddy Waters' comments, newspaper Le
Monde reported on Thursday.
    Officials at the AMF could not be reached for comment and
French representatives for Muddy Waters had no immediate
comment.
    In 2015, Muddy Waters criticized Casino’s complex structure
and accounting practices, saying the supermarket retailer was
'dangerously leveraged', and managed for the short-term. Casino
has consistently refuted Muddy Waters' accusations.
   Nevertheless, last month Muddy Waters said news that Casino's
parent company Rallye  GENC.PA  had been placed under protection
from creditors was "a resounding vindication of the warnings we
sounded."

 (Reporting by Sudip Kar-Gupta and Pascale Denis;
Editing by Dominique Vidalon)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))