Two activists offer an alternative to the project of the management of the Ehpad group. This advocates a change of control.
New twist in the Orpea case. Less than a month after the presentation of the restructuring plan by its managing director, Laurent Guillot, two shareholders, together holding 5% of the capital, are fighting back. Gathered under the Concert’O banner, the family group Mat Immo Beaune and the Nextstone fund, which act in concert, unveiled an alternative proposal for Orpea on Thursday. Objective: to manage to get out of the financial rut the former European number one nursing home, weighed down by 9.5 billion euros in debt and shaken by the publication last January of the book The Gravediggers. The company, which is the subject of a conciliation procedure under the aegis of the Commercial Court of Nanterre, has opened the door to an “accelerated safeguard” procedure.
Concert’O, which was formed in October, rejects the plan of Laurent Guillot, who took the reins of the company in early July. The latter wishes to convert part of the debt (3.8 billion euros) into capital…
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