The group, whose action has lost 90% of its market value, is weighed down by its debt. LOIC VENANCE / AFP
INVESTIGATION – In turmoil for a year, the group signed with its creditors the abandonment of 3.8 billion in debt. It will come under the control of the Caisse des Dépôts.
“ We saved Orpea! “Laurent Guillot, CEO of the group since July 1, is more than relieved. Plunged into a media, political, legal and financial turmoil since the revelation by the book The Gravediggers, just a year ago, from the turpitudes of the previous management, the French nursing giant found the financial means to turn the page. Weighed down by a debt of 9.5 billion euros and on the verge of bankruptcy, it has just reached an agreement with its creditors and its future shareholders, after weeks of intense negotiations.
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