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Hotels de Paris ( (FR:HDP) ) has provided an announcement.
Hotels de Paris is undergoing judicial recovery with the guidance of a Judicial Administrator and Representative. The Paris Economic Activities Court has deemed conditions suitable for examining a recovery plan through asset transfer, with a hearing set for April 28, 2025. Several offers have been submitted, valuing assets at €332.5 million, surpassing the company’s declared debt. A draft recovery plan proposes creditor payments within six months post-adoption, ensuring continued operations and protecting stakeholder interests.
More about Hotels de Paris
YTD Price Performance: 18.97%
Average Trading Volume: 1,212
Technical Sentiment Signal: Buy
Current Market Cap: €10.19M
See more insights into HDP stock on TipRanks’ Stock Analysis page.