France’s investment arm CDC says offer to restructure Orpea ‘still on table’

20 Jan (Reuters) – An offer by France’s public finance company (CDC) to restructure the debts of Orpeia (ORP.PA) is still on the negotiating table, a source said. there were. Agreements with Investors and Creditors.

“We would like to manage governance to ensure that the terms announced in mid-November (a complete change in practices and a cleanup of the balance sheet) are implemented,” the CDC said in an email to Reuters.

Plagued by malpractice allegations in a nursing home, Orpea is in talks with French investors led by the CDC and a group of creditors that hold about 50% of its €3.8 billion ($4.1 billion) unsecured debt. rice field.

The company also said it will continue talks with a group of unsecured creditors to reach agreement on a restructuring plan that includes an increase in share capital of 1.3 billion to 1.5 billion euros.

Separately, private equity giant KKR & Co (KKR.N) may be interested in buying the home services business of nursing home operator Domidom, French business daily Les Echos said on Thursday. It was reported that it entrusted Centerview Bank with the purpose.

Neither Orpea nor KKR immediately responded to requests for comment on this report.

($1 = 0.9222 Euro)

Reporting by Diana Mandia. Editing by Emelia Sithole-Matarise

Our standards: Thomson Reuters Trust Principles.

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