Orpea has announced that negotiations between a consortium of third-party French investors led by Caisse des Dépôts et Consignations (CDC) and a group of unsecured financial creditors holding around 50% of its unsecured debt have broken down.

The company will nevertheless continue its discussions with the group of unsecured financial creditors, whose support is necessary to reach agreement on a restructuring plan in line with its November 15 proposal.

The dependency care group points out that this proposal calls for the capitalization of 3.8 billion euros of unsecured debt and a capital increase of between 1.3 and 1.5 billion euros.

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