By Pierre Bertrand
Orpea’s shareholders and creditors will be convened to vote on an accelerated court-opened safeguard plan on June 16.
The vote comes as the French Specialized Commercial Court of Nanterre opened the accelerated safeguard procedure to oversee the indebted care-home operator in March, the company said late Friday.
That procedure was extended last week for another two months until July 24.
Orpea said the proceedings only affect the financial, social and tax creditors directly concerned by the French care-home operator’s restructuring plan.
Write to Pierre Bertrand at [email protected]
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