ORPEA takes a new step in its financial restructuring process with the opening of an accelerated safeguard procedure – 2023-03-24 at 20:00

ORPEA SA (the “Company”) announces the opening today of an accelerated safeguard procedure by the Nanterre Specialized Commercial Court, with an initial observation period set at 2 months, which may be renewed for two additional months without exceeding a total duration of 4 months maximum.

The main characteristics of the financial restructuring plan proposed by the Company within the framework of the accelerated safeguard procedure initiated today are described in the Appendix to this press release.

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