Edenred Italy Managers Probed on Alleged Fraud, Bid-Rigging [BNN Bloomberg (Canada)]
EDENRED SA UNSP/ADR (EDNMY)
NASDAQ:AMEX Investor Relations:
edenred.com/en/investors-shareholders
Company Research
Source: BNN Bloomberg
As part of their probe into the local activities of the French catering and services company, Italy's finance police have seized about €20 million ($21.6 million), according to the people. A statement from the prosecutors on Monday cited “crimes of fraud against the state” linked to a meal voucher services tender worth €1.3 billion, without naming the company involved. Shares of Edenred fell as much as 12% in Paris, hitting their lowest level since March 2020. Edenred said in a statement Wednesday that authorities have opened an investigation into its Italian unit and some of its directors and officers in relation to a 2019 tender. ©2024 Bloomberg L.P.
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- Edenred's record annual profit overshadowed by higher financial expenses [Reuters]Reuters
- Italian prosecutors probe Edenred unit over 2019 public tender [Reuters]Reuters