In turmoil since the publication of the book-investigation The Gravediggers, which highlighted how the elderly placed in Ehpad were mistreated, the private group Orpea will come under the direct control of the Caisse des dépôts, announces its management. A group of investors led by the Caisse des dépôts (CDC) will take control of the group, following a debt restructuring operation, according to a press release published on Wednesday.
An agreement in principle, approved by Orpea, the group led by the CDC and creditors, plans to erase 3.8 billion euros of debt by converting it into capital and to inject 1.55 billion euros of capital additional. At the end of the process, the CDC will hold 50.2% of the capital of Orpea, the creditors 49.4% and the current shareholders, if they decide not to participate in the capital increases which will be open to them, 0, 4%. Orpea must in particular reimburse the State more than 50 million euros in a case of embezzlement.
More information to follow on 20minutes.fr…/…