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Orpea shares continue to skid after restructuring deal announced

Orpea shares continue to skid after restructuring deal announced

Shares in French nursing home operator Orpea continued to skid on Monday, after last week reaching a deal in principle on restructuring. Orpea slumped 21%, after falling 26% on Friday and 93% over the last 52 weeks. The proposed terms as contemplated would leave current shareholders with as little as 0.4% of the company, while a group led by Caisse des Dépôts et Consignations would hold just over 50%, and unsecured financial creditors would hold 49%.