According to The chained Duckhe would have received 590,000 euros last summer by selling shares in the group shortly after learning about the preparation of the book-investigation The Gravediggers, by journalist Victor Castanet.
The former director general of Orpea Yves Le Masne, dismissed after the revelations of the book “Les Fossoyeurs”, refuted on Friday any insider trading during the sale of part of his shares in July 2021.
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According to The chained Duck, the former managing director of the Ehpad giant, sacked on Sunday, pocketed nearly 590,000 euros last summer by selling shares. And this shortly after having learned the preparation of the book-investigation The Gravediggers journalist Victor Castanet, who accuses Orpea of serious shortcomings in the management of its Ehpad, which the group refutes.
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“Midsummer is when I sell stocks”
In a statement sent to AFP by his lawyer, Yves Le Masne “strongly refutes any accusation of insider trading“. He assures that the sale of “approximately one third of (its) shares” n / A “nothing to do with Victor Castanet’s book, which did not create any particular concern for us“. He clarifies that he hadno reason“to sell more shares, “with full confidence in the future of the company“.
“Mid-summer is when I usually sell stocks, as shown in my statements published earlier” and “I have always made my sales of shares within the authorized periods and made all regulatory declarations to the competent authorities“.
Managing director for ten years, Yves Le Masne was sacked on Sunday by the board of directors of Orpea. He was replaced by Philippe Charrier, promoted from non-executive chairman to CEO.
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