Trading in Orpea shares resumed in Paris on Wednesday, having been suspended since the start of this week, showing yet another fall in the value of one the world’s largest private care providers. Not that it matters much anymore – shareholders are set to be virtually wiped out under a deal announced before markets opened.  New equity investors, led by France’s sovereign wealth fund Caisse des Dépôts et Consignations (CDC) through its insurance company CNP along with two French mutual health insurers, have agreed to acquire a 50.2 per cent stake in exchange for €1.16 billion in new money for…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .