Colony Capital to give Orco capital injection

Orco Property Group, the troubled property company focused on Central Europe, is holding exclusive talks with Colony Capital for a capital injection of EUR25 mln. An additional stake of up to EUR140 mln will be considered when court protection from Orco's creditors is lifted. Paris Commercial Court granted Orco and a French subsidiary a so-called Procedure de Sauvegarde for an initial six months at end-March this year. The status is renewable.

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