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May 25 2021, 12:11 AM
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May 25 2021, 12:11 AM
(Bloomberg) The disarray at Solutions 30 SE deepened as the European technology-services company, first targeted in 2019 by activist short seller Muddy Waters Capital LLC, said its auditor couldnât sign off on its 2020 accounts.
(Bloomberg) The disarray at Solutions 30 SE deepened as the European technology-services company, first targeted in 2019 by activist short seller Muddy Waters Capital LLC, said its auditor couldnât sign off on its 2020 accounts.
The company, which counts Telecom Italia SpA among its customers, saw much of its 1.1 billion-euro ($1.4 billion) market value wiped out Monday as the shares began trading again following a two-week halt. Luxembourg-based Solutions 30 published its own unaudited accounts over the weekend after Ernst & Young LLP said it hadnât been given the information necessary to perform the audit itself.
Solutions 30 Plunges as Auditor Fails to Sign Off 2020 Accounts bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.