Eurofins announced on Thursday that it was ready to provide further details on its real estate program in a statement issued in response to an open letter sent earlier in the week by short-seller Muddy Waters to its CEO, Gilles Martin.

The French laboratory group also reiterated its rebuttals to accusations made by Muddy Waters in June about its real estate transactions, governance and treasury, and declared its intention to communicate with all its stakeholders in a "clear and direct" manner.

Going forward, "Eurofins will continue to listen to serious inquiries from legitimate investors and other stakeholders, but does not intend to devote further resources to responding to irrelevant, biased and/or unfounded allegations," the statement added.

(Written by Pauline Foret, edited by Augustin Turpin)