Eurofins: Lactalis' claim 'unfounded'

(CercleFinance.com) - On Tuesday evening the French bio-analysis group Eurofins dismissed the claim by dairy giant Lactalis for a billion euros in compensation in a contaminated milk case as "unfounded".


With this abusive complaint, Lactalis is clearly trying to divert attention from the numerous shortcomings in quality management at its Craon site, as highlighted by the French government in its criminal proceedings against Lactalis, it said, adding that its subsidiary Eurofins Laboratoire Microbiologie Ouest (ELMO) is "in no way responsible" for the situation.

The company believes that Lactalis deliberately chose to ignore the results of ELMO's analyses, which had revealed the presence of salmonella in the Craon plant on several occasions since 2009, until August 2017.

For the time being, this issue is having only a limited impact on Eurofins' share price: after falling by over 2% on Monday and rebounding by 0.5% yesterday, the stock is pretty flat in early trading on Wednesday.


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