BUSINESS

QCM denies it has targeted more Greek listed firms

TAGS: Markets, Business

US fund Quintessential Capital Management (QCM) on Thursday told Kathimerini that rumors on the Greek market that it has sent letters to two listed companies asking them about their finances are not true.

The fund created a stir last month when it disputed the network, sales figures and finances of listed jewelry company Folli Follie, leading to its stock crashing on the Athens Exchange and a credibility crisis at the local stock market.

Its head, Gabriel Grego, made it clear to Kathimerini on Thursday that QCM has sent no letters to any Greek companies asking for financial information. He said he realizes that after the Folli Follie case scenarios may be created out of nothing on the local market with various pretexts and great imagination.

He went on to reiterate that QCM has not targeted any Greek listed companies, and that “the companies that some Greek media refer to specifically, saying that I look through, is incorrect information that I refute,” he said.

Grego explained that he was at the Greek Investment Roadshow that Hellenic Exchanges organized in New York last week. He had some meetings there with officials from Greek listed firms. “Those meetings in New York were on a friendly level and with absolutely friendly intentions. There was no negative incentive or bad intention,” he underscored.

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