(Update: explanation of the share price drop, analyst comment)
PARIS (Agefi-Dow Jones)–The listing of Orpea shares has been suspended since 12:45 p.m. at the request of the operator of retirement homes and clinics “pending a press release”, indicated Euronext Monday.
This suspension is effective until further notice, said the operator of the Paris Bourse. Contacted by the Agefi-Dow Jones agency, a spokeswoman for Orpea confirmed that the operator had requested the suspension of the listing of its title pending a press release.
Before the suspension of its quotation, the Orpea share lost 16.1% to 69.28 euros, penalized by the publication by Le Monde of extracts from the book “Les Fossoyeurs”, an investigation relating to the backstage of the activity of ‘Orpea and due for publication on January 26. “The article in Le Monde on this book frightens investors,” says a Parisian analyst.
The book promises “revelations about the system that mistreats our elders”.
The retirement home operator did not immediately comment on this information.
By contagion, the Korian share fell by 8.3% to 25.34 euros.
-Alice Doré and Julien Marion, Agefi-Dow Jones; +33 (0)1 41 27 47 90; [email protected] ed: VLV – ECH
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January 24, 2022 08:00 ET (13:00 GMT)