Vinci Plunges After Hoax Report on Financial Irregularities
- Company says it has been the subject of two hacking attacks
- Shares recover from 18% drop after company denies release
Vinci hard hats are seen on a shelf at a Vinci SA construction site.
Photographer: Fabrice Dimier/BloombergThis article is for subscribers only.
Vinci SA fell victim to a fake release claiming the French builder had fired its finance chief amid accounting irregularities, prompting the stock to plunge before the company denied the report.
Bloomberg News was among the few news organizations to report from the false statement.