2023-12-20 16:05:29
A group bringing together Caisse des Dépôts, Maif, CNP Assurances and the health professionals’ mutual insurance company (MACSF) now holds 50.18% of Orpea’s capital, a press release from the private nursing home company announced on Tuesday. This arrival of new shareholders took place as part of the financial restructuring of the Orpea group. This in fact carried out a capital increase of 1.16 billion euros.
Facing a debt of 9 billion euros, the retirement home specialist intends to regain financial balance two years after the scandal of the practices of its former managers revealed by “Les Fossoyeurs”, book by Victor Castanet published in January 2022 The author revealed, among other things, financial embezzlement and mistreatment of residents.
A “refoundation” expected by the general director
Legal proceedings were then initiated. Laurent Guillot, general manager of Orpea since July 2022, estimated that the arrival of new shareholders “saves the company, it will give us the means to continue and accelerate our rebuilding”. Quoted in the press release, the general director of the Caisse des Dépôts welcomed the “role of a sustainable, responsible shareholder, determined to develop the Orpea group in all of its businesses” that the institution will play. financial.
The rest of Orpea’s capital is 48.84% held by unsecured creditors. The remaining 0.98% constitutes the float, that is to say the share of the capital tradable on the stock market. A third and final increase in the group’s capital is planned soon in the safeguard plan. A general meeting scheduled for December 22 will allow the election of directors.
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