PARIS (Agefi-Dow Jones)–The former chief executive of Orpea, Yves Le Masne, “strongly refuted” Friday in a press release “any accusation of insider trading” concerning his sales of shares in the operator retirement homes.
The former leader of the group, sacked at the end of January following the accusations of the investigative book “Les Fossoyeurs” which questions the practices of the company, was recently pointed out by Le Canard Enchainé for having sold for nearly 600,000 euros shares of Orpea in July 2021, three weeks after learning of the preparation of the work by journalist Victor Castanet.
“I only sold about a third of my shares and there was no reason for me to sell more,” defends Yves Le Masne in his press release, “adding that the middle of summer is the period in which he usually sells shares, as shown [ses] previously published statements”.
“These decisions have nothing to do with the book ‘Les Fossoyeurs’ by Monsieur Castanet, which did not create any particular concern for us” while “our sector is regularly the subject of controversy”, he also affirms. .
-Francois Berthon, Agefi-Dow Jones; +33 (0)1 41 27 47 93; [email protected] ed: ECH
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February 04, 2022 10:27 ET (15:27 GMT)