ORPEA S.A., a leading global player in frailty care, has reported that the Canadian Pension Plan Investment Board (CPPIB) has reduced its holdings in the company.
ORPEA S.A. (Paris:ORP) (the "Company") has been notified that the Canadian Pension Plan Investment Board ("CPPIB") has crossed downwards the legal thresholds of (i) 20% and 15% of the voting rights, (ii) 10% of the share capital and voting rights and (iii) 5% of the share capital of the Company, following the sale on the market by CPPIB of 7,424,188 ORPEA shares, between 2 February and 7 February 2023.
Following this sale, CPPIB (which held 14.50% of the share capital and 24.16% of the voting rights of the Company) holds 1,950,000 ORPEA shares, representing 3.01% of the share capital and 5.02% of the voting rights of the Company.
About ORPEA
ORPEA is a leading global player, expert in the care of all types of frailty. The Group operates in 22 countries and covers three core businesses: care for the elderly (nursing homes, assisted living, home care), post-acute and rehabilitation care and mental health care (specialized clinics). It has more than 72,000 employees and welcomes more than 255,000 patients and residents each year.
