Clariane - comment

Clariane announced the disposal of its residency service activity, Les Essentielles to Odalys, which is part of the Duval Group.  This business was already categorised as non-core and held on the balance sheet as assets "held for sale”.  This fits with Clariane’s strategy to focus on its three main activities: Long-Term Care, Specialty Care and Community Care.  Exact proceeds were not disclosed and are likely to be minimal.  Net Assets Held for Sale are €2m on the balance sheet.  

The proceeds are not part of the program of disposals, which is still expected to be c. €1bn, announced in Clariane’s refinancing plan in November 2023.