Bryan Garnier - Casino Guichard-Perrachon SA (CO) CASINO GUICHARD: EUR300m capital increase at Cnova in the starting blocks | SELL | EUR22(-17%)

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Bryan Garnier

Clement Genelot

CASINO GUICHARD: EUR300m capital increase at Cnova in the starting blocks | SELL | EUR22(-17%)

CASINO GUICHARD - SELL | EUR22(-17%)
EUR300m capital increase at Cnova in the starting blocks

Cnova about to launch a EUR300m capital increase…
…at some point by the year-end
Casino could unlock EUR240-250me in net proceeds
Thin margin for error in meeting the FY 2021 covenant with no asset disposals

02/06/2021 4 EN

Underlying

Casino Guichard-Perrachon SA

Casino Guichard-Perrachon is a food retailer based in France. Co. operates hypermarkets, supermarkets, discount stores, convenience stores and cafeterias. Co.'s stores are discount stores selling groceries and consumer goods, and providing services like financial and insurance services, real estate, and restaurants. Co. operates hypermarkets under the brand Geant Casino; urban and rural supermarkets under the brand Casino Supermarches; city-centre supermarkets under the brand Monoprix; convenience/national superettes under the brands Petit Casino, Vival and Spar; covenience-paris area stores under the brand Marche Franprix; and discount stores under the brand Leader Price.

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FR0000125585 Euronext Paris France

Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Clement Genelot

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