The group of private nursing homes Orpea, heavily indebted, announced Monday morning January 30 the resumption of discussions between its creditors and the Caisse des dépôts (CDC) and requested the suspension of its listing on the Paris Stock Exchange.
Orpea "
announces the resumption of discussions between the company, a group of third-party French investors led by Caisse des Dépôts et Consignations, and a group of unsecured financial creditors holding approximately 50% of the Company's unsecured debt, d 'an amount of 3.8 billion euros
,' the group said in a press release.
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Orpea "
has also asked Euronext Paris to suspend the listing of its shares and all of its bond securities pending the publication of a press release
“, Completed the giant of retirement homes.
The creditors of Orpea and the Caisse des dépôts (CDC), the financial arm of the State, separated on a finding of failure in mid-January.
Despite the financial institution's proposals, discussions on debt restructuring had stumbled over the value at which unsecured debt in the hands of a group of investors will be converted into capital.
Among these investors, who hold 1.8 billion euros in debt (out of a total of 9 billion in debt), are fund managers and hedge funds, including Anchorage, Boussard & Gavaudan, Carmignac and Eiffel.
Read alsoOrpea, a giant struck down by a journalistic investigation
The Caisse des dépôts and its allies demand control of the governance of Orpea, shaken by the publication a year ago of the book-investigation "
Les Fossoyeurs
", which denounced the abuse of residents and financial embezzlement by former leaders.
The last suspension of Orpea's share listing dates back to October 2022 due to a rare request from the Autorité des marchés financiers.
The action of Orpea, which has continued to tumble since the publication in January 2022 of the book
Les Fossoyeurs
, was worth Friday at the close at 7.12 euros.
