The Orpea logo at the entrance to a retirement home in Les Lilas, near Paris
The Orpea nursing home group announced Monday that it was going to consolidate its shares, up to 1,000 old shares against one new ordinary one for a nominal value of 10 euros.
The consolidation will begin on February 20 and the new shares will be listed on March 22, the group said in a press release.
Orpea specifies that the exchange transaction will not have a direct impact on the total value of the shares held by shareholders.
(Writing by Lina Golovnya, editing by Kate Entringer)