Troubled CEE developer Orco Property Group faces a crucial meeting at the Commercial Court of Paris on Thursday as bondholders are asked to back the company's restructuring plan. Orco was granted protection from its creditors by the Paris court last March, and earlier this month the firm proposed that the creditors exchange their bonds worth EUR 411 mln for a mix of new bonds due in 2017 and bonds that may be converted at a later date into shares.
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