Early Termination of Safeguard Plan
Net Loss of EUR 17 million
Key recent events
- Early Termination of Safeguard Plan Accepted: Following the successful completion of various projects and transactions, as well as its reorganization and restructuring that took place in 2014 and 2015, ORCO PROPERTY GROUPs (the “Company” and together with its subsidiaries as the “Group”) decided to request a termination of its Safeguard plan linked with an early repayment of those liabilities admitted to the Safeguard plan that became due. Towards this end, the Company filed on 19 June 2015 a request with the Paris Commercial Court (the “Court”) to modify its Safeguard plan.
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