PARIS (Reuters) – French nursing home company Orpea (ORP.PA), hit by allegations of misconduct at its French retirement homes, said it would resume trading in financial markets on Wednesday and announce a new strategic plan next month.
The French market regulator AMF suspended trading in shares and bonds in Orpea earlier this week.
Orpea said in June that an independent audit found evidence of financial wrongdoing, including excessive labor costs and suspiciously large payments to third parties, but did not support all the allegations against the company made by the book Les Fossoyeurs (The Gravediggers). were by independent journalist Victor Castanet, published earlier this year.
Reporting by Sudip Kar-Gupta; Edited by Muralikumar Anantharaman
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