Orpea : Financial restructuring - agreement in principle signed - Massive dilution (99%) - target price lowered to € 0.5 vs € 16
>Agreement finally reached with CDC and unsecured debt holders - An agreement in principle on a financial restructuring plan has been reached between Orpea and a group of French investors led by Caisse des Dépôts et Consignations, together with CNP Assurances, and including MAIF and MACSF, and five other institutions coordinating a widened group of unsecured debt holders holding approximately 50% of Orpea's € 3.8bn in unsecured debt. Total restructuring o...ORPEA is a dependency, physical and psychiatric care group based in France. Co. operates long-term and short-term care facilities, including medical care facilities, medical and social care facilities and residential facilities for the elderly. Co. provides short, medium and long-term global physical and mental dependency care. Co. also operates residential facilities for disabled people of any age, hotels, and hotel-related, as well as leisure accommodation facilities. Co. operates in France and abroad (Belgium, Italy, Spain and Switzerland) in three business segments: Long-term care facilities (nursing homes); Post-acute and Rehabilitation care facilities; and Psychiatric care facilities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.