A resident of Rokewood Court Care Home in Kenley
The French retirement home manager Clariane (formerly Korian) announced on Friday capital increase operations intended to strengthen its financial structure for a maximum total amount of around 328 million euros.
This operation comes as part of a plan announced by Clariane last November to enable debt reduction and the strengthening of its financial structure, while the group is facing significant financing difficulties.
The company will also welcome the HLD Europe group as a new reference shareholder, she said.
HLD Europe will subscribe for a 20% stake in the capital as part of a reserved capital increase, which will be submitted to a vote at the next shareholders’ meeting on June 10, Clariane said.
HLD Europe would subscribe 74.1 million euros of the capital increase.
The Flat Footed and Leima Valeurs funds, currently holding respectively 8.6% and 5.0% of the group’s capital, will also contribute approximately 15 and 3 million euros, respectively, the company added.
This plan also has the support of Crédit Agricole Assurances, the group’s largest shareholder, which has committed, with HLD Europe, Flat Footed and Leima Valeurs, to subscribe to a capital increase of a maximum amount of approximately €236 million. euros which will be launched upon completion of the reserved capital increase.
(Writing by Diana Mandiá, editing by Kate Entringer)