Shares in Spain's EiDF plunge 70% on resuming trade after four-month suspension

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Aug 28 - Shares of Spanish solar panel company EiDF Solar plunged 70% on Monday, wiping 1.2 billion euros off its market capitalisation, as trading in the stock resumed after a four-month suspension.

Shares in EiDF, which installs solar panels and develops solar farms, closed at 8.93 euros on Monday. "Deloitte's forensic report includes an account of facts and evidence of great significance for EiDF's shareholders... such as the possible falsification of documents by the company," CNMV said last Thursday.

 

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