Shares of French construction company Vinci SA on Tuesday, November 22, collapsed by 20% after several financial media, including the authoritative Agency Bloomberg has published fake news of resignation of the financial Director of the company. This writes The Wall Street Journal.

In the fake press release was reported that the top Manager was fired due to errors in reporting, which could lead to an overestimation of the financial performance of the company for several billion euros. As it turned out, a press release was sent to journalists with made-up email address and it contained a link to the portal similar to a genuine company website.

In addition, the release was listed a fake phone number, which allegedly could contact is really occupying the position of press-Secretary of company Paul-Alexis bouquet. Call on journalists, Dow Jones Newswires said a man who introduced himself as the head of the press service, who confirmed fake news.

In the WSJ article noted that such attempts of manipulation the shares are common, but they are rarely so well planned.

The company Vinci has issued a formal denial of these facts. “The company is considering any legal action about the situation”, the statement said. As notes “Interfax”, in France the manipulation of stock prices is a criminal offence.

After refuting the value of shares of Vinci began to recover, but to go to the previous level by the end of trading session did not, according to RBC. By the close of trading on November 22, the value of securities Vinci was 58.8 euros apiece, which was 3.76% below the level of the previous closing.

According to the WSJ, after the close of trading in the media e-mail received an anonymous message, which the author said that he had sent out a fake press release on behalf of Vinci in revenge for the harm caused Vinci nature during the implementation of construction projects in France and Russia.

“Daughter” of Vinci company “weensie, Concessions Russi” owns one hundred percent of shares of OOO “North-West concession company”, the concessionaire of the main part of the high-speed road between Moscow and St. Petersburg.

Shares of French construction company fell by 20% due to fake news 23.11.2016

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