Orco Exits Creditor Protection After Restructuring
Developer Orco Property Group said on Wednesday a Paris court approved a plan exiting the group from its more than year-long creditor protection period, Reuters reported. Orco said the plan's implementation and debt rescheduling will allow it to re-invest in real estate projects. It added the plan includes the repayment of 100 percent of the company's admitted claims over 10 years. Read more.