Orpea falls on the stock market again after financial revelations from Mediapart

Orpea’s title fell 13% on Wednesday afternoon after Mediapart revealed that a Luxembourg investor from Ehpad’s group allegedly carried out “dubious operations”.

The Orpea title fell 13% on the Paris stock market on Wednesday afternoon, amid revelations from Mediapart that the private group of retirement homes is being threatened with a “financial scandal“because of a Luxembourg company that has invested in its housing and is said to have carried it out”questionable transactions“. At 3.25 pm, in a price decline of 0.81%, the share fell 13.05% to 29.26 euros.

According to Mediapart and the collective of journalists Investigate Europe, the Luxembourg holding company Lipany, founded in 2007, “accumulated 92 million assetsmainly shares in many nursing homes and clinics operated by Orpeain several European countries, including France, andhave carried out dubious financial transactionsLipany, according to Mediapart, is owned by Roberto Tribuno, an accountant and tax consultant who was the boss of Orpea in Italy.makes almost no profit and has never paid a dividend“, his activities are “fully financed by debt“, So “opaque to say the least‘ says the investigative media.

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Orpea wants to “shed light on the allegations”

In a brief statement sent to AFP, Orpea’s management said they were unable to comment, “justice is seized“: The company recalls that it recently filed a complaint against X for misuse of company resources, in the prosecution of Nanterre, in the Hauts-de-Seine. Worried about “shed light on the allegations against the group» since the publication of the book survey the gravediggers from Victor Castanet, management says it “detected possible criminal acts, which cast doubt on individual behaviourOrpea also insists to have takenfirst disciplinary action, several people have already left the companyThe group specifically mentions the case of former financial director Sébastien Mesnard, who, according to Mediapart in “close cooperationwith Lipani. †Sébastien Mesnard no longer works for the company and can no longer access his emailmanagement said in its press release. †We are continuing our investigation and will take all necessary measures and sanctions.she added, recalling that “these facts have nothing to do with the reception and care of the residents

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Under fire from critics since the publication of thegravediggersOrpea is also the subject of an investigation opened in Nanterre at the end of April on suspicion of institutional abuse or financial crimes. Since February, there have been other investigations into “forgery and use of forgery and violation of labor law through misuse of temporary contracts“. Since the scandal began, on January 24, the price of Orpea has fallen by about 64%.

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