The Vinci share price tumble, AMF considers the consequences of a serious market dysfunction

Yesterday, following the circulation of false news releases disseminated by the press agencies, the Vinci share temporarily lost 18% during the day’s trading before making a rapid recovery.

Vinci Reuters chart

Vinci: Reuters chart

The false statement said the company would revise its 2015 and 2016 accounts after supposed accounting errors.

In a response posted on its website, Vinci denied all information contained in the release, and said it would now be considering legal action.

The Autorité des marchés financiers considers this to be a serious market dysfunction for which it will endeavour to determine the responsibilities involved.

This is a case of the dissemination of false information, which prompts the AMF to carry out an investigation. It will also be necessary to verify who may have taken advantage of such an initiative through a possible manipulation of prices.

The AMF will also be working with all the entities involved so as to limit this type of risk in the future and its impact on the financial markets.

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