Orpea’s share price soared by more than 30% on the Paris Stock Exchange, investors reacting to the publication of expert reports published on Friday evening, one of which values the group between 6 and 7 billion euros. Orpea unveiled Friday, after the close of markets, the results of two forensic reports carried out as part of the implementation of its financial restructuring project.
The first report estimates the value of the group “between six and seven billion euros” in a scenario where the specialist in retirement homes is in “continuity of operation”. In other words, a scenario in which Orpea continues its activity in the future without incident. The second report, signed by the same accounting firm, looked at the valuation of Orpea in a liquidated situation, on the basis of two scenarios, concluding that “the best estimate of the net asset value was between 2.6 billion ‘euros and 3.7 billion euros’. In turmoil since the publication in early 2022 of the book-investigation “Les Fossoyeurs” and its revelations of mistreatment and financial irregularities, the French champion of retirement homes has seen its stock market valuation drop from around 5.7 billion euros in January, to 166.2 million euros today. Its share price soared 33.40% to 2.66 euros around 12:00 p.m., in a market down slightly by 0.04%.