Harsh punishment for Viscofan on the Stock Market. The value, which had even moved positively during the morning, began to fall sharply shortly before three in the afternoon, losing even more than 17%. At closing, the cuts reach 13.24%, which represents the largest daily loss in the company’s history, of 7.8 euros per share, up to 51.10 in the Continuous Market.
Without a clear financial reason for this collapse, the truth is that this afternoon an article appeared in the US in which a company factory is being attacked. ‘Poisoned USA: How sausage is made, literally’is the harsh article that has been published Hunterbrook.
Hunterbrook is an investigative news outlet, but also an investment firm and a litigation firms. In that sense, he assures that «Hunterbrook Capital did not have any position related to this article at the time of its publication», although «positions may change at any time.»
Viscofan has «categorically» denied the accusations made by said means about environmental non-compliance at the Viscofan plant in Danville that harms the health of its workers or the environment, as explained to the National Securities Market Commission (CNMV).
«The Viscofan plant in Danville complies with strict environmental measures, which are regularly monitored by the American Administration, with no serious breaches in this matter having been reported,» the Navarrese company has assured.
Viscofan has stressed that it has a «solid» track record in the United Stateswith more than thirty years selling and producing wrappers in this country.
«We are very proud of the nearly 600 people who work daily at our facilities in Danville, New Jersey and Montgomery, complying with strict local and international standards for quality, safety and employee well-being«said the group, which added that it has environmental and safety policies that are «pillars» of its business model.
«We guarantee safe and transparent work environments, and maintain a constant commitment to operational excellence and the protection of our equipment, as evidenced by the regularly audited information that the company publishes annually, which addresses many of the concerns that have been raised,» the company said.