Latest Orpea Act (ORPEF) Headlines Canada Pen
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Posted On: 03/10/2014 10:15:47 PM
Latest Orpea Act (ORPEF) Headlines
Canada Pension Plan Investment Board Acquires 15% Interest in ORPEA S.A.
Marketwire - Wed Dec 11, 11:16AM CST
Canada Pension Plan Investment Board (CPPIB) announced today that it has acquired a 15% interest in ORPEA S.A., one of the leading European providers of long-term care services. CPPIB has acquired 7,952,718 shares from Dr. Jean-Claude Marian, founder and Chairman of ORPEA, and from the company Sante Finance et Investissement, at a price of EUR40.34 per share, representing an investment of EUR320.8 million. Dr. Marian will remain a key shareholder in ORPEA, retaining a 8.0% stake following the transaction and will continue in his role as Chairman of the Board.
Canada Pension Plan Investment Board Acquires 15% Interest in ORPEA S.A.
Marketwire - Wed Dec 11, 11:16AM CST
Canada Pension Plan Investment Board (CPPIB) announced today that it has acquired a 15% interest in ORPEA S.A., one of the leading European providers of long-term care services. CPPIB has acquired 7,952,718 shares from Dr. Jean-Claude Marian, founder and Chairman of ORPEA, and from the company Sante Finance et Investissement, at a price of EUR40.34 per share, representing an investment of EUR320.8 million. Dr. Marian will remain a key shareholder in ORPEA, retaining a 8.0% stake following the transaction and will continue in his role as Chairman of the Board.
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