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13 February 2012

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Orco bondholders reject sweetened restructuring plan

Ailing listed CEE developer Orco said its bondholders rejected sweetened proposals for restructuring bonds via a debt-for-equity swap at a general meeting in Paris 24 September. Individual consultations will now be organised in coordination with trustee Le Guerneve and Creditor's Representative LeLoup-Thomas, appointed by the Commercial Court of Paris.

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