Orpea SA announced a private placement of 29,324,787,415 common shares at a price of ?0.0133 per share for the gross proceeds of ?390,019,672.62 on January 18, 2024. The transaction will include participation for ?195.7 million from members of the Group by exercising their preferential subscription rights and ?194.3 million by the members of SteerCo. As a part of the transaction, the company will pay ?67 million to the financial restructuring and miscellaneous commissions.