Report
Clement Genelot

CASINO GUICHARD: Reorganizing LatAm will not affect French net debt but could prompt a rerating for GPA | NEUTRAL | EUR43(+43%)

CASINO GUICHARD - NEUTRAL | EUR43(+43%)
Reorganizing LatAm will not affect French net debt but could prompt a rerating for GPA

Towards a simplification of LatAm through GPA in H2 2019
A broadly neutral operation on Casino France’s net debt
A reorganization that should prompt a rerating for GPA…
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.

Provider
Bryan Garnier
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.

Analysts
Clement Genelot

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