Clariane flags divestments, capital increase to raise cash

Clariane SE

14/11/2023 07:03

PARIS, Nov 14 (Reuters) - French care group Clariane
 CLARI.PA  on Tuesday said it would put in place a plan to raise
around 1.5 billion euros ($1.60 billion)including asset
disposals and a capital increase, citing "growing constraints"
to refinance its pile of debt.
    The plan, agreed by the company's board on Monday, includes
negotiations with lender Credit Agricole to raise 140 million
euros through a real-estate deal and a new credit line of 200
million euros in 2023.     

($1 = 0.9348 euros)

 (Reporting by Tassilo Hummel; Editing by Benoit Van
Overstraeten)
 ((tassilo.hummel@thomsonreuters.com ; Twitter handle:
@tassilo_hummel;))