Jan 20 (Reuters) – Caisse des Depots’s (CDC) offer to restructure Orpea’s (ORP.PA) debt is still on the table, the French public financial institution said on Friday, a day after the care homes group said it had failed to reach agreement with investors and creditors.
“We want to have control of the governance so that our publicly stated conditions (complete change of practices and clean up of the balance sheet) in mid-November are implemented”, CDC said in an e-mailed statement to Reuters.
Orpea, plagued by allegations of malpractice at its care homes, has held discussions with French investors, led by CDC and a group of creditors holding about 50% of its 3.8-billion-euro ($4.1 billion) unsecured debt.
The company also said it would conti…
Read the full article at: https://www.reuters.com/business/finance/frances-investment-arm-cdc-says-offer-restructure-orpea-still-table-2023-01-20/